B. This section contains four questions. Answer three questions only. Question 2.1 The following information is available for Zenith Lid for the years ended 31 December Zenith Ltd: Income Statement for the year ended 31 December 20x9 1000 Revenue Cost of sales Gross profit Operating expenses Operating profit 14,964 (8.568) 6,396 (2.958) 3,438 Finance costs (280) Profit before tax 3,158 (1,040) Profit for the year 2,118 Zenith Ltd: Statement of Financial Position as at 31 December 20x9 and 20X8: 20x9 20x8 '000 '000 Non-current assets Tangible assets 6,068 3,816 Current assets Inventories 2,092 1,570 Trade receivables 2,110 1,748 Cash and cash equivalents 0 244 Total assets 10,270 7,378 Equity Share capital 2,800 2,000 Share premium 1,100 200 Retained earnings 1,442 324 Non-current abilities Loan 1,428 2,000 Current abilities Trade payables 2,103 2,060 Interest payable 165 60 Bank overdraft 272 0 Taxation 960 734 Total equity and liabilities 10,270 7,378 Page 5 of 11 Module Code: LUBS229101 Turn the page over Additional information: During the year ended 31 December 2009, a piece of equipment which had cost 1,000,000 and had accumulated depreciation of 488,000, was sold at a loss of 172.000 An analysis of property, plant & equipment shows: Property, plant & equipment Accumulated depreciation Net book value 2009 20x8 000 1000 8.560 6,040 2.49021 (2.224) 6,068 3,816 . During the year, dividends of 1,000,000 were paid. Required: Using the information provided for Zenith Ltd, prepare the Statement of Cash Flows for the year ended 31 December 20x9 in accordance with IAS 7 Statement of Cash Flows, using the indirect method to calculate the cash flows from operating activities