An extract from the income statement for the year ended 31 December 2016 is presented below:
Extract from income statement for year ended 31 Dec 2016
|
Operating profit |
74,454 |
|
Less Interest |
3,500 |
|
Profrt before interest |
70,954 |
|
Taxation |
25,400 |
|
Profit for the year |
45,554 |
The following information has also been made available:
•Dividends paid for the year amounted to £12,500.
•A vehicle which cost £14,000 and has accumulated depreciation of £9,200 was sold during the year for £5,000 cash – which was received on the date of the sale.
The statement of cash flows would be.