The following supporting information is available: i) An item of plant with a carrying amount of $240,000 was sold at a loss of $90 of $280,000 was charged (to cost of sales) for property, pla Pinto uses the fair value model in IAS 40 Investment Property. property during the year. The 6% loan notes were redeemed early incurring a penalty pay an administrative expense in the income statement. nt and equipment in the year ended 31 March 2008. There were no purchases or sales of investment (ii) ment of $20,000 which has been charged as (ii) There was an issue of shares for cash on 1 October 2007. There were no bonus issues of shares during the year. to gives a 12 month warranty on some of the products it sells. The amounts shown in current liabilities as the amount of claims likely to be (iv) Pin warranty provision are an accurate assessment, based on past experience, of made in respect of warranties outstanding at each year end. Warranty costs are included in cost of sales. (v) A dividend of 3 cents per share was paid on 1 January 2008. Required: (a) Prepare a statement of cash flows for Pinto for the year to 31 March 2008 in accordance with IAS 7 (15 marks) Statement of cash flows