Question 1 - Statement of Cash Flows [18 Marks] The following financial information relates to ABC Company Limited for the year ended 31 December 2023: $'000 Sales Cost of goods sold 316,000 110,400 Other expenses 72,000 Rental expense 14,400 Dividends 10,000 Amortisation expense 8,000 Property, plant and equipment Advertising expense Gain on sale of equipment Interest expense Trade receivable Unearned revenue Inventory Prepaid advertising Accounts payable Rent payable Interest payable $'000 4,800 2,520 320 As at As at 31 December 2023 31 December 2022 13,200 15,200 8,000 9.600 18,400 19,200 400 11.200 8,800 - 1,200 40 Required: Using the direct method of presentation, prepare the cash flows from the operating activities section of the statement of cash flows for ABC Company Limited for the year ended 31 December 2023. [18 Marks]

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