Financial accounting 1B.clear and full answers best results plz.

Question 2 (32 marks) These balances and totals are from Bantu Ltd for the year ended 30 June 2020. 30-Jun-19 12,000.00 15,000.00 Real accounts section Inland Revenue: Income Tax Shareholders for dividends Nominal accounts section Income tax expense Under-provision for taxation in the previous year Dividends Interim Final 30-Jun-20 15,000.00 20,000.00 30-Jun-20 38,000.00 3,200.00 18,000.00 20,000.00 You are required to: 1. Calculate the amount of dividends and taxation paid. (12 marks) 2. Mention five advantages of cash flow accounting. (10 marks) 3. Why does AIS 7 require gross amounts rather than net amounts to be disclosed in a statement of cash flows? (4 marks) 4. List and describe briefly the three main areas of business activity used to classify cash flows and outflows on the statement of cash flows. (6 marks) 23 / 27