The following summarised statements of financial position relate to Track Limited:
Additional information:
1 During the year to 30 June 2018 , some non-current assets originally costing $£ 25,000$ had been sold for $£ 20,000$ in cash. The accumulated depreciation on these non-current assets at 30 June 2017 amounted to $£ 10,000$. Similarly, some of the investments originally costing $£ 150,000$ had been sold for cash at their book value.
2 The taxation balances disclosed in the above statements of financial position represent the actual amounts agreed with the Revenue and Customs. All taxes were paid on their due dates. Advance corporation tax may be ignored.
3 A dividend of $£ 130,000$ was paid during the year to 30 June 2018 .
4 During the year to 30 June 2018 , the company made a 1 -for- 2 rights issue of 250 ordinary $£ 1$ shares at 120 p per share.
Required:
Prepare Track Ltd's statement of cash flows for the year to 30 June 2018 in accordance with the requirements of IAS 7 using the indirect method.