The following are the financial statements for S. Low for the years ended 30 April 20X2 and 30 April 20X3:

Required
Prepare a statement of cash flows in accordance with IAS 7 for S. Low for the year ended 30 April 20X3.

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S. low Income statements for year ended 30 April 20X3 20X2 £'000 C000 4,850 2,400 2,450 £'000 Sales revenue Less: cost of sales Gross profit Less: expenses £000 4,400 2,310 2,090 162 Interest payoble Wages Electricity Rent Profit for the period 142 18 670 450 286 750 520 286 1,740 710 1,566 524 S. Low Statements of financial position as at 30 April ASSETS Non-current assets Property, plant and equipment Depreciation to date 20X3 20X2 1,250 (432) 818 630 (270) 360 Current assets inventories Trade receivables less bad debt provision Bank 405 698 384 729 47 1,160 1,520 ,103 1,921 Total assets EQUITY AND LIABILITIES Equity Capital Profits 429 710 1,139 (391) 748 220 524 744 (315) 429 Drawings Total equity Non-current liabilities 12% loan Total non-current liabilities Current liabilities Bonk overdraf Trade payables Total current liabilities Total liabilities Total equity and liabilities 180 180 150 150 28 965 93 1,173 1,921 941 41 1,091 1,520