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Candid ltd is a company selling hi$-$tech communication products. The information relates to the company. Below is the statement of comprehensive income for the year ended $28$ February $2021$

Statement of comprehensive income

BWP$000$

Revenue $17871$

Cost of sales $(12698)$

Gross Profit $5173$

Distribution costs $(875)$

Administrative expenses $(1848)$

Profit from operation $2450$

Interest received $175$

Interest paid $(525)$

Profit before tax $2100$

Tax $(980)$

Profit for the year $1120$

The statement of financial position for the two years $(2020$ and $2021).$

$2021$

BWP$0002020$

BWP$000$

Non$-$current assets

Property, plant and equipment $44103220$

Investments $0497$

$44103717$

Current assets

Inventories $1050714$

Receivables $27302205$

Short$-$term investments $3500$

Cash in hand $140$

$41442919$

Total assets $85546636$

Equity and liabilities

Equity

Share capital $($$$1$ ordinary shares$)14001120$

Share premium account $1120980$

Revaluation surplus $700637$

Retained earnings $18201260$

$50403997$

Non$-$current liabilities

Loan $1190350$

Current liabilities

Trade payables $1344833$

Bank overdraft $0686$

Tax $980770$

$23242289$

Total Liabilities $35142639$

Total equity and liabilities $85546636$

The following further information has been provided to you.

a$)$ Proceeds on sale of investments totalled BWP$550000$

b$)$ A piece of property with a carrying value and cost of BWP $315000$ and BWP$595000$ respectively was disposed during the year for BWP$224000$

c$)$ The following information was provided in line with property plant and equipment.

$2021$

BWP$0002020$

BWP$000$

Cost $67905250$

Accumulated Depreciation $23802030$

Carrying Value $44103220$

d$)$ During the year company made an issue of $280000$ ordinary shares for BWP$1\mathrm{.}50$ per share.

e$)$ BWP$560000$ was paid as dividends during the year

f$)$ Short term investments should be classified as cash and cash equivalents

You are required to:

Draw up a Statement of cash flows for the year ended $31$ January $2021$ using the indirect method.

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