Cristal Clears (Pty) Ltd (hereafter referred to as "CC") manufactures windows of different sizes and thicknesses. The company has a 31 December 2020 financial year-end. You have been given an extract of the financial statements: Statement of Profit or Loss for Cristal Clears (Pty) Ltd for the Year Ending 31 December 2020 Sales Cost of Sales Gross Profit 2020 R' 3 400 000 (1950 000) 1 450 000 Other Income Interest Income Profit on Disposal of PPE Operating Expenses Depreciation 17 500 12 500 5 000 (436770) (45 000) Insurance (175 000) Salaries and Wages (215 000) Interest Expense (1770) Profit Before Tax 1030 730 Tax Expense Profit After Tax (280 230) 750 500 Statement of Changes in Equity for Cristal Clears (Pty) Ltd for the Year Ending 31 December 2020 Share Capital Retained Earnings Total R' R' Balance as at 1 January 2020 500 000 879 170 1379 170 Statement of Financial Position for Cristal Clears (Pty) Ltd as at 31 December 2020 2020 R' 2019 Notes R' Assets Current Assets Inventory 101 000 75 000 Trade Receivables Cash 45 300 27 100 1861 280 64 250 Non-Current Assets Land 1 000 000 1 000 000 Property, Plant and Equipment 1 285 000 1 250 000 N1 Total Assets 4 292 580 2 416 350 Equity and Liabilities Equity Share Capital 750 000 Retained Earnings 1509 670 500 000 879 170 Liabilities Current Liabilities Trade Payables SARS Payable 28 660 4250 21 980 15 200 Non-Current Liabilities Long-Term Loan 2 000 000 1 000 000 N2 Total Liabilities 2 032 910 1037 180 Total Equity and Liabilities 4 292 580 2 416 350 Notes: N1. Assets worth R100 000 were purchased for cash during the year. In addition, an asset with a carrying amount of R20 000 was sold for cash at a profit. N2. During the year, CC obtained an additional mortgage of R1 000 000 from a local bank. 250 000 General information: Movements Share Issue Profit After Tax Dividends Declared 250 000 750 500 750 500 (120 000) (120 000) (b) Balance as at 31 December 2020 750 000 1 509 670 2 259 670 Required: Ignore VAT Prepare the Statement of Cash Flows for Crystal Clears (Pty) Ltd for the financial year ending 31 December (24) 2020, using the indirect method. Comparative Figures are not required.