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5 Bongo (Pty) Ltd raised a long term loan of R168 000 in May 2023. 6 The following information was extracted from the statement of
5 Bongo (Pty) Ltd raised a long term loan of R168 000 in May 2023. 6 The following information was extracted from the statement of comprehensive income for the year ended 30 June 2023: - Sales for the year was R1 464000 - Rental income was R26 400. - Profit on disposal of equipment R36 000 - Depreciation R48 000 - Interest expense R50 400 - Income tax expense R147 600 - Profit after tax R222 000. Required: Prepare the statement of cash flows for Bongo (Pty) Ltd for the financial year ended 30 June 2023 in compliance with the requirements of the International Financial Reporting Standards (IFRS) in as much as the given information allows. Use the indirect method
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