Please show each step of calculation. Thanks in advance. The summarized consolidated financial statements of the ALBA Group for the yearended 30 April 2019 are as follows:ALBA Group: Consolidated income statement for the year ended 30 April 2019RevenueCost of salesGross profitDistribution costsAdministrative expensesFinance costShare of profit of associateProfit on disposal of associateProfit before taxIncome taxProfit for the periodAttributable toEquity holders of the parentNCIASSETSNon-current assetsProperty, plant and equipmentGoodwillIntangible assetsInvestment in associateCurrent assetsInventoriesTrade receivablesCashEQUITY AND LIABILITIESEquityALBA Group: Balance sheet at 30 April 2019$ millionShare capitalRetained earningsNCINon-current liabilitiesLong-term borrowings$ million30,750-0Current liabilitiesTrade payablesShort-term borrowingsIncome tax(26,447-5)4,302-5(523.0)(669.4)(510.9)1-63-42,604-2(723-9)1,880-31,652-3228-01,880-322,225-11,662-7306-55,217-04,633-662.54,300-014,643-75,579.3662-4777-62019$ million24,194.39.913-134.107-418,943-72,010-56,133-97,019-334.107.4$ million19,332-81,865-3372-413-84,881-04,670-088-320183,600.012,991-45,356-3507-7884-7$ million21,584-39.639-331,223-616,591-41,870-56,013-06.748-731,223-6 Notes1.2.3.4.5.6.7.Depreciation of $2,024-7 million was charged in respect of property, plant andequipmentin the year ended 30 April 2019.On 1 January 2019 ALBA disposed of the investment in associate for $18million. The stæof profit in the income statement relates to the period from 1May 2018 to31 December 2018. A dividend was received from the associate on 1 June 2018.There were no other disposals, and no acquisitions, of investments in theaccounting period.Goodwill in one of the group's subsidiaries suffered an impairment during theyear. The amount of the impairment was included in cost of sales.The total interest paid for the fiscal year ending 30 April 2019 was $390.Amortization of 25% of the opening balance of intangibles was charged to costof sales.A manufacturing patent was acquired for a cash payment on 30 April2019.An issue of share capital at par was made for cash during the year.Dividends were paid to noncontrolling interest during the year, but no dividendwas paid to theequity holders of the parent entity.Required:Prepare the consolidated cash flow statement of the ALBA Group for the financial yearended 30 April 2019. The cash flow statement should be presented in accordance withthe requirements of IAS 7 Cash Flow Statements and using the indirect method. Notesto the financial statement are NOT required, but full workings should be shown.

There are a few advantages to preparing a cash flow statement in an indirect manner. One benefit is…

ALBA Group: Consolidated income statement for the year ended 30 April 2019 $ million 30,750-0 (26,447-5) 4,302-5 Revenue Cost of sales Gross profit Distribution costs Administrative expenses Finance cost Share of profit of associate Profit on disposal of associate Profit before tax Income tax Profit for the period (523-0) (669-4) (510-9) 1-6 3-4 2,604-2 (723-9) 1,880-3