3.1 Explain the objective of a statement of cash flows. (2 marks) 3.2 Define cash equivalents and provide an example. (1 mark) 3.3 List and briefly explain the three classifications of cash flows required by IAS 7. marks) 3.4 Calculate the net cash from operating activities using the information below for a hypothetical company: (5 marks): - Group profit before tax: R500,000 - Finance costs: R50,000 - Investment income: R30,000 - Depreciation: R70,000 - Amortization: R20,000 - Impairments: R10,000 - Profit/loss on sale of property, plant, and equipment: R5,000 (loss) - Change in inventory: R15,000 (decrease) - Change in receivables: R20,000 (increase) - Change in payables: R10,000 (increase) 3.5 Calculate the net cash used in financing activities using the following information hypothetical company: (5 marks): - Loans issued: R200,000 - Loans repaid: R50,000 - Share issues: R100,000 - Dividends paid to non-controlling interests: R30,000 - Dividends paid to parent shareholders: R80,000