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.
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