The statements of financial position of Derek Landy Ltd. for the past two years and the companys most recent statement of profit or loss are set out below:

Statement of Profit or Loss for the year ended 31 October 2020

Revenue	67,200
Cost of sales	(36,960)
Gross profit	30,240
Gain on disposal of property, plant, and equipment	672
Distribution costs	(14,112)
Administrative expenses	(6,720)
Operating profit	10,080
Interest on loans	(273)
Profit before tax	9,807
Tax expenses	(4,032)
Profit for the year	5,775

Statement of Financial Position as at 31 October

		2020		2019
Assets
Non-current assets
Property, plant, and equipment		75,513		72,300
Current assets
Inventories	11,088		7,392
Receivables	10,080		7,392
Cash & cash equivalents	0	21,168	387	15,171
Total assets		96,681		87,471
Equity
Share capital	6,600		6,000
Share premium account	2,400		1,500
Retained earnings	74,970	83,970	69,195	76,695
Liabilities
Non-current liabilities
Bank loans		3,900		2,400
Current liabilities	-
Payables	3,696		5,544
Current tax liability	4,032		2,832
Bank overdraft	1,083	8,811	0	8,376
Total equity & liabilities		96,681		87,471

Additional information:

1. The total depreciation charge for the year was 10,635
2. Property, plant, and equipment costing 2,928 with accumulated depreciation of 1,065 was sold during the year at a profit of 672
3. All sales and purchases were on credit.
4. Other expenses were paid for in cash.
5. No dividends were paid during the year.

Required

Prepare a statement of cash flows for Derek Landy Ltd. for the year ended 31 October 2020 using the indirect method. [20 marks]