196 Chapter s 5.7 New Horizon Bhd presents the following balances as at 31 December of years x 4 RM 500,000 1,560,000 390,000 45,000 340,000 107,000 Nil 400,000 3,342,000 RM Property Plant and machinery (cost) Investments Intangibles Inventories Trade receivables 1,275,000 380,000 60,000 250,000 170,000 8,000 242,000 2,385,000 Cash at bank 750,000 300,000 150,000 900,000 Ordinary share capital 7 percent redeemable preference share capital Share premium Capital redemption reserve Retained profits General reserve 10 percent debentures Tax payable Deferred taxation Trade payables Accumulated depreciation -plant and machinery Provision for doubtful debts 168,000 150,000 535,000 195,000 500,000 5,000 270,000 267,000 345,000 7,000 3,342,000 315,000 150,000 230,000 210,000 270,000 10,000 2,385,000 Additional information a. During year x4, ordinary dividends of RM90,000 and preference dividends for the year x4 were paid. b. On 1 July x4, 50 percent of the preference shares were redeemed out of profits and the balance by the issuance of ordinary shares at a premium of 4 percent. The premium on redemption was written off against the share premium c. On 1 July x4, RM500,000 10 percent debentures were issued to acquire property. Interest for the year d. Plant and machinery costing RM50,000, of carying amount RM30,000 were sold at a loss of has been paid. RM4,000 Investments costing RM50,000 were sold at a loss of RM2,000. Investment income received amounted to RM15,000 e. nse for year x4 was RM168,000 including an increase in deferred tax of RM40,000 f. The tax expe g. Difference in intangibles is due to amortisation. Required Prepare the statement of cash flows