The statement of profit or loss and other comprehensive income and comparative statements of financial position of Amber Ltd are as follows. AMBER LTD Statement of financial position as at 31 December 2021 2022 Current assets Deposits at call Accounts receivable Allowance for doubtful debts Inventories Prepayments $ 19 000 340 000 (19 000) 654 000 52 000 1 046 000 $ 30 000 320 000 (15000) 670 000 55 000 1 060 000 Non-current assets Land Buildings Accumulated depreciation - buildings Plant 400 000 1175 000 (200 000) 850 000 (375 000) 1 850 000 $2 896 000 400 000 1 850 000 (235 000) 940 000 (452 000) 2503 000 $3 563 000 Accumulated depreciation - plant $ Total assets Current liabilities Bank overdraft Accounts payable Interest payable Final dividend payable Current tax payable $ 140 000 553 000 25 000 205 000 70 000 993 000 49000 570 000 30 000 230 000 77 000 956 000 Non-current liabilities Borrowings Deferred tax liability 900 000 12 000 912 000 1 905 000 1 300 000 16 000 1316 000 2 272 000 Total liabilities 2021 2022 Equity Share capital Retained earnings 800 000 191 000 991 000 $2 896 000 1 000 000 291 000 1 291 000 $3563 000 Total liabilities and equity AMBER LTD Statement of profit or loss and other comprehensive income for the year ended 31 December 2022 Sales Less: Cost of sales Gross profit Gain on sale of plant Distribution costs Administration costs Interest Profit before tax Income tax expense Profit for the period Other comprehensive income Total comprehensive income $8550 000 4517 000 4033 000 18 000 4051 000 (1 635 000) (1 566 000) (70 000) 780 000 (250 000) 530 000 $ 530 000 The following additional information has been extracted from the accounting records of Amber Ltd. (a) Movement in allowance for doubtful debts: Balance 31 December 2021 Charge for year Bad debts written off Balance 31 December 2022 Building additions were completed. There were no disposals. The movement in plant and accumulated depreciation on plant comprised the following. $ 19000 7 000 (11 000) $ 15000 (b) (c) Cost Accumulated depreciation $375 000 $ 850 000 160 000 (70 000) Balance 31 December 2021 Additions - cash Disposals Depreciation Balance 31 December 2022 There was no outstanding interest payable at year-end. Income tax expense comprised: Income tax currently payable Deferred income tax (50 000) 127 000 $452 000 $ 940 000 (d) (e) $ 246 000 4000 $ 250 000 $ 400 000 (1) (9) Additional cash borrowings Movement in equity Share capital $ 800 000 200 000 Retained earnings $191 000 Balance 31 December 2021 Additional shares issued for cash Profit for the period Interim dividend - cash Final dividend payable Balance 31 December 2022 530 000 (200 000) (230 000) $291 000 $ 1 000 000 Prepare a summary of cash flows from operating activities using the direct method of presentation