Contraflo Ltd's Balance Sheets at 31 December 2003 and 2004, and an extract from its Profit and Loss Account for the year ended 31 December 2004, were as follows.

Further information 

During the year ended 31 December 2004 the following transactions took place. 

1. Freehold buildings which had cost $36 000 were sold for $50 000. The premises had not been depreciated. 

2. Plant and machinery which had cost $20 000, and on which depreciation of $16 000 had been provided, was sold for $1000. New plant and machinery had been purchased. 

3. Motor vehicles which had cost $30 000, and which had a net book value of $5000 at the date of sale, were sold for $4000. New motor vehicles had been purchased. 

4. 50 000 ordinary shares of $1 each were issued at a premium of 0.10 per share on 1 July 2004. 

5. $30 000 of 10% debentures 2006/2008 were redeemed at par. 

Required 

Prepare a cash flow statement for the year ended 31 December 2004.

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Fixed assets Freehold property Plant and machinery Motor vehicles Current assets Stock Trade debtors Bank Creditors: amounts due within one year Trade creditors Taxation Proposed dividends: Net current assets $000 Cost 400 80 120 600 30 39 30 Balance Sheets as at 31 December 2003 $000 Depn da 35 90 125 100 40 55 195 99 $000 NBV 400 45 Les 30 20 475 96 571 as at 31 December 2004 $000 Depn $000 Cost 364 150 160 674 39 todat 95 134 85 52 173 $000 NBV 364 111. TRON 65 540 son6l6 38 976097ng of wol 2.1 wolt 43263 6 moel taarla 35 116 insmeis12 57 597