AGEMENT A the information provided below to prepare the Cash Flow Statement of Rolex Limited for the year ended 31 December 2021 INFORMATION The following information was extracted from the records of Rolex Limited for the francial year ended 31 December 2921 ROLEX LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 201 Sales Cost of sales R 4140 000 2020000) Gross pr 2120000 Selling and administrative expenses 40000) Operating profit 1280 000 0000) Interestx Proft before tax Company lax Profit after tax STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: ASSETS Non-current assets Property, plant and equipment Investments 1200000 2000 880000 120010 2020 3740000 2540000 3440000 2940 000 300 000 Current assets T ACC 1080 000 00000 aventories 480-000 500000 Accounts receivable 550000 220000 Cash and cash equivalents 90000 80 000 Total assets 4820000 3540000 EQUITY AND LIABILITIES Equity 1-120000 2000000 Ordinary share capital 2000000 2000 Retained eanings 1120000 600000 Non-cuments 800000 400000 Long-term loan 00000 400000 Cument Sabities 900000 4000 400 000 Accounts payable 0000 0000 Company tax payable 260000 200000 Dividends payable 4820000 340 000 Total equity and liabi SU-11UN Additional information All purchases of inventories are on credit. The selling and administrative expenses include depreciation of R320 000. Property, plant and equipment were purchased during the year but there were no disposals. The total dividends for the year ended 31 December 2021 amounted to R360 000. The issued share capital consisted of 100 000 ordinary shares. The market price of the shares on 31 December 2021 was R35