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 Investment at cost 12 730 1,100 100 50 830 1,150 Current assets Inventory Receivables Cash at banks 80 110 110 180 20 30 210 320 1,040 1,470 Equity Stated capital Capital surplus 500 680 n 100 200 Income surplus 200 190 800 1,070 Non-current liabilities 10% loan notes 3 100 150 900 1,220 Current liabilities Trade payables Bank overdraft 100 120 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 GH650,000 were sold during the year for GH40,000. 3. 10% Loan notes: GH50,000 of 10% loan notes were issued on 1 January 2018. All interest to 31" December has been paid. 4. Stated capital: The Company's stated capital at 31 December 2017 consisted of GH500,000 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.