The following is the Income Statement of Falcon Ltd for the year ended 31 Dec 2021:

	2021
	£'000
Revenue	15,650
Cost of sales	(8,500)
Gross profit	7,150
Expenses	(1,200)
Interest expense	(42)
Profit before tax	5,908
Tax expense	(1,200)
Profit after tax	4,708

The following is the Statement of Financial Position of Falcon Ltd as at 31 Dec 2020 and 2021:

	2020	2021
ASSETS	£'000	£'000
Non-current Assets
Land	2,650	2,670
Equipment Cost	2,000	2,620
Less: Accum.Depreciation	(400)	(770)
Net Book Value of Equipment	1,600	1,850
Current Assets
Inventories	1,350	1,400
Trade Receivables	200	156
Cash	120	5,479
Total Assets	5,920	11,555
EQUITIES AND LIABILITIES
Share Capital - £1 shares	3,000	3,500
Share premium	1,500	1,750
Revaluation Reserve	200	220
Retained Earnings	170	4,740
Current Liabilities
Trade Payables	125	80
Tax Payable	900	1,200
Interest Payable	25	20
Non- current Liabilities
Debenture Loan	0	45
Total Equity and Liabilities	5,920	11,555

You are informed that:

a)Equipment that originally cost £300,000 was sold for cash of £350,000. Accumulated depreciation relating to the plant sold amounted to £50,000. The profit/loss on disposal is included in expenses in Income Statement.

b)The company issued 500,000 ordinary shares at a price of £1.5 each.

c)Dividend payment for the year was £138,000.

d)Increase in Land's value of £20,000 relates to its revaluation during this year.

Required:

Prepare the complete statement of cash flows for Falcon Ltd for the year ended 31 Dec 2021. Show supporting workings.