Question 1 You have been given the following information relating to H. Marathon. The company is preparing its cash flow statement for the year ended 30 June 2020 Income statement for the year ended 30 June 2020 Revenue Cost of sales Gross profit Distribution costs Administrative expenses Profit from operations Interest received Finance cost Profit before tax Taxation Profit for the period $000 54,577 -27,128 27,449 -9,146 -5,766 12,537 101 -1,749 10,889 -2,570 8,319 2019 S000 Statement of Financial Position as at 30 June 2020 2020 ASSETS S000 Non-current assets Cost 133,152 Accumulated depreciation -30,978 102,174 Current assets Inventory 26,350 Trade receivables 13,412 Bank 2,955 42,717 Total assets 144,891 124,252 -25,629 98,623 29,365 16,446 3,036 48,847 147,470 Equity and liabilities Capital and reserves Ordinary share capital Share premium Revaluation reserve Retained earnings 2020 $000 23,576 11,982 12,554 58,532 106,644 2019 S000 21,082 10,245 6,029 53,910 91,266 5,743 22,632 Non-current liabilities 7% loan notes Current liabilities Bank overdraft Trade payables Taxation 6,869 23,534 2,101 32,504 144,891 7,842 23,804 1,926 33,572 147,470 Total equity and liabilities Additional Information (i) During the year dividends paid were $ 3,697,000. (ii) There were no amounts outstanding in respect of interest payable or receivable as at either year end. Operating profit is stated after charging depreciation of $ 6,784,000. (iv) During the year, the company sold equipment for $ 5,667,000 realising a profit of $ 1,806,000. This equipment had never been re-valued, and there were no other disposals of non-current assets during the year. (v) The only revaluation of non-current assets was that of a piece of freehold land. Required: Prepare a Statement of Cash Flow for H. Marathon for the year ended 30 June 2020.(show clear workings) (25 marks)