AutoSave Off HUN: 2AFA 102... Search ANDILE KWAZI BUTHELEZI AK File Home Insert Design Layout References Mailings Review View Developer Help Share Comments Part B Won Umhlatuze Ltd is the local municipality in Richards 'bay. The Umhlatuze's financial year ends on the 31 July each year. You are part of the team drawing up the financial statements for the company and have been provided with the following information: Extract of the statement of comprehensive income for year ended 31 July 2021 Part C Imbokodo Ltd is a Mzingazi based retail group which is listed on the JSE. the Company sells potters with African branding labelled "You strike a Woman, you strike a Rock" which seeks to remind its target audience about the importance and value women have in the society. Statement of comprehensive income for the year ended 28 February 2021 Sales Less COS Gross Profit 100 000 (60 000) 40 000 300 000 (124 000) 176 000 Extract of the statement of financial position as at 31 July 2021 Sales Less COS Gross Profit Net Operating Costs Operating Profit Finance costs Profit before tax Taxation expense Net profit 2021 10 000 6 000 5 000 Trade receivables Inventory Trade payables (82 000) 94 000 (12 000) 82 000 (22 000) 60 000 2020 14 000 11 000 7 000 Additional information Extract of the statement of financial position as at 28 February 2021 Bad debts expense amounted to R3 000 2021 25 000 10 000 3 000 12 000 5 000 Trade receivables Inventory Prepaid expense Trade payables Accrued expense 2020 7 000 16 000 0 18 000 0 You are required to: 2021 Calculate the following cash flows for Won Umhlatuze Ltd for the year ended 31 July 1. Cash received from customers (3) 2. Cash paid to suppliers of inventory (4) Additional information Net operating costs include: 1. Depreciation expense R2 000 2. Bad debts expense R7 000 3. Interest income R8 000 You are required to: Prepare the cash from operations section of the CFS of Imbokodo Ltd for the year ended 28 February 2021 (Direct method) _113) Page 2 of 3 333 words m English (United Kingdom A 'n Focus 3 8096