1.1 Calculate the amount paid out for company tax. (3 marks) 1.2 Did the company obtain funds from its financing activities? Motivate your answer with the relevant calculations. (3 marks) 1.3 Of what significance are the details of Westham Limited's investing activities to a potential investor? (4 marks) 1.4 Write a report to the board of directors to provide an interpretation of the Statement of Cash Flows of Westham Limited for the year ended 31 December 2022. Your report must focus on the cash flows from operating activities, increase in inventory, increase in receivables, increase in payables and purchase of plant and equipment. (10 marks) INFORMATION The Statement of Cash Flows of Westham Limited for the year ended 31 December 2022 appears below: WESTHAM LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022 Cash flows from operating activities Operating profit Non-cash flow adjustment: Depreciation R (540 000) 2 850 000 1 058 700 Profit before working capital changes 3 908 700 Working capital changes (2 424 000) Increase in inventory (2 400 000) Increase in receivables Increase in payables Cash generated from operations Dividends paid Company tax paid (1 800 000) 1 776 000 1 484 700 (1 200 000) ? Cash flows from investing activities Purchase of plant and equipment Cash flows from financing activities ? Net increase (decrease) in cash Cash balance (31 December 2021) (6 900 000) (6 900 000) ? ? ? 9 600 000 Cash balance (31 December 2022) 2 100 000