The statement of financial position of Michael Limited at 31 December, 2017 and 2018 were as follows: Notes 31/12/2017 GH000 31/12/2018 GH000 Non-current assets Tangible assets 1 730 1,100 Investment at cost 2 100 50 830 1,150 Current assets 80 110 Inventory Receivables 110 180 Cash at banks 20 30 210 320 1,040 1,470 Equity Stated capital 4 500 680 Capital surplus 5 100 200 Income surplus 200 190 800 1,070 Non-current liabilities 10% loan notes 3 100 150 900 1,220 Current liabilities 100 120 Trade payables Bank overdraft 40 130 140 250 1,040 1,470 Notes 1. Tangible assets: During the year tangible assets with a net book value of GH80,000 were sold for GH60,000. The depreciation charge for the year on all tangible assets held at the end of the year was GH100,000. 2. Investments: Investments which cost GH50,000 were sold during the year for 3. 4. GH40,000. 10% Loan notes: GH50,000 of 10% loan notes were issued on 1 January 2018. All interest to 31st December has been paid. Stated capital: The Company's stated capital at 31 December 2017 consisted of GH 500,000 of ordinary shares. Another 80,000 shares were issued during the year at a price of GH2.25 per share. 5. Capital surplus: The freehold land and buildings were revalued upwards by GH100,000 during the year. Required: Prepare the company's statement of cash flows for the year ended 31 December 2018 complying with IAS 7 Statements of cash flows. Ignore taxation.