Using the financial statements and additional information below, prepare a cash flow statement for Papa Ltd for the year ended 31^st December 2018 using the indirect method of calculating operating cash flow and write a brief comment on the cash flow for the period.

Papa Ltd

Statement of Profit or Loss Account for the year ended 31st December 2018

GHC

Revenue	540,000
Cost of sales	(155,000)
Gross profit	385,000
Investment income interest received	15,000
Loss on disposal of equipment	(18,000)
Depreciation	(94,000)
Administrative and selling expenses	(25,000)
Operating profit before interest	263,000
Interest expense	(10,000)
Profit before taxation	253,000
Taxation	(56,000)
Profit after tax	197,000

Statement of financial position as at 31st December
	2018	2017
	GHC	GHC
Non-current assets Vehicle at cost	180,000	150,000
Accumulated depreciation	(137,000)	(60,000)
	43,000	90,000
Investments	150,000	100,000
Current assets Inventory (stock)	30,000	22,000
Trade receivables (debtors)	92,000	24,000

91 days treasury bill	59,000	25,000
Cash at bank	101,000	25,000
	282,000	96,000
Total Assets	475,000	286,000
Equity & Liabilities
Equity Share capital	180,000	161,000
Share premium	35,000	25,000
Retained earnings	143,000	26,000
	358,000	212,000
Non-current liabilities Long-term loans	36,000	10,000
Current liabilities Trade payables (creditors)	55,000	34,000
Interest payable	1,000	11,000
Taxes payable	25,000	19,000
Total Current Liabilities	81,000	64,000
Total Liabilities	117,000	74,000
Equity & Liabilities	475,000	286,000
Additional Information

1. The dividend paid during 2018 was GHC80,000.
2. During 2018, the company acquired a Vehicle costing GHC100,000.
3. During 2018, the company sold a vehicle that had an original cost of GHC70,000 and accumulated depreciation of GHC17,000. The proceeds of disposal were GHC35,000.

Required:

1. Prepare a cash flow statement using the indirect method of calculating operating cash flow.
2. Write a comment on the cash flow of the period.