The following information is from Clover Company for the year ended 31 December 2017.

Collection of principal on long-term loan to a supplier                        R35 000

Acquisition of equipment for cash                                                      R10 000

Proceeds from sale of long-term investment a book value               R27 000

Issuance of ordinary shares for cash                                                 R20 000

Depreciation expense                                                                         R25 000

Redemption of bonds payable at carrying value                                R24 000

Payment of cash dividends                                                                R9 000

Net income                                                                                         R35 000

Purchase of land by issuing bonds payable                                       R40 000

In addition, the following information is available from the comparative statement of financial position as at 2016 and 2017:

	2016	2017
Cash	R14 000	R107 000
Accounts receivable	R15 000	R20 000
Prepaid insurance	R13 000	R17 000
Total current assets	R42 000	R144 000
Accounts payable	R19 000	R25 000
Salaries payable	R7 000	R4 000
Total current liabilities	R29 000	R26 000

                                                                                   

Required:

3.1       Prepare the statement of cash flows using the indirect method.                              (15)

3.2       Prepare the statement of cash flows using the direct method.                                 (15)

 3.3       Prepare the statement of cash flows using the worksheet approach.                      (15)