1.2 Use the percentage-of-sales method to determine the increase in the net working capital requirements of Miele Suppliers for year ended 31 December 2022 (6 marks) INFORMATION The following information was extracted from the financial statements of Miele Suppliers for the financial year ended 31 December 2021 Cash and cash equivalents Long-term loan Creditors Financial assets: Investment in shares Sales Debtors Accruals (Accrued expenses) Inventory The sales forecast of Miele Suppliers for 2022 is R12 000 000 R 630 000 2610 000 1710 000 1080 000 9 000 000 2 880 000 540 000 3240 000