You have been provided with the following extracts of the financial statements of Provision Ltd for the year ended 31 December 2018.

Statement of financial position for the year ended 31 December 2018

	Note	2018	2017
Non-current assets	1	$ 328,000	$ 286,000
Current assets		$ 170,000	$ 170,000
Inventories		$ 90,000	$ 110,000
Trade receivables		$ 62,000	$ 55,000
Cash		$ 18,000	$ 5,000
Total assets		$ 498,000	$ 456,000
Equity and Liabilities
Shareholders equity and reserves		$ 418,000	$ 290,000
Contributed equity (ordinary shares)		$ 170,000	$ 110,000
Retained income		$ 198,000	$ 130,000
Preference shares -		$ 50,000	$ 50,000
Non-current liabilities
Loan		-	$ 100,000
Current liabilities		$ 80,000	$ 66,000
Trade payables		$ 48,000	$ 44,000
Dividends payable		$ 12,000	$ 10,000
Inland Revenue		$ 20,000	$ 12,000
Total equity and liabilities		$ 498,000	$ 456,000

Extract from the statement of profit and loss for the year ended 31 December 2018:

Gross revenue			$ 375,000
Cost of sales			$ 217,000
Net profit before taxation			$ 158,000
Taxation			$ 73,000
Net profit for the year			$ 85,000

Statement of changes in equity for the year ended 31 December 2018

	Ordinary shares	Preference shares	Retained income	Total
Balance 31 December 2017	$ 110,000	$ 50,000	$ 130,000	$ 290,000
Changes in equity for 2018:
Net profit for the year			$ 85,000	$ 85,000
Dividends paid			-$ 7,000	-$ 7,000
Preference dividends			-$ 10,000	-$ 10,000
New share issue	$ 60,000
Balance 31 December 2018	$ 170,000	$ 50,000	$ 198,000	$ 418,000

Additional information:

1. Non-current assets

	Cost	Accumulated depreciation	Carrying value
	2018	2017	2018	2017	2018	2017
Land and buildings	$ 180,000	$ 140,000	-	-	$ 180,000	$ 140,000
Plant and machinery	$ 218,000	$ 190,000	$ 70,000	$ 44,000	$ 148,000	$ 146,000
	$ 398,000	$ 330,000	$ 70,000	$ 44,000	$ 328,000	$ 286,000

• A small land area costing $ 25 000 was sold for a profit of $ 8 000 on 30 March 2018.
• Plant and machinery costing $ 40 000 was acquired.
• Plant and machinery with a book value of $ 8 000 was sold at a loss of $ 4 000.
• During the year, 60 000 ordinary shares were issued at $ 1 per share.
• Interest paid amounted to $ 5 000 and investment income was $ 2 000.

REQUIRED:

Prepare the statement of cash flow for Provision Ltd for the year ended 31 December 2018 using the indirect method.