Motivated is a retailer selling inspirational books. The following information was provided by the

bookkeeper for the year ended $28$ February $2022$:

Statement of comprehensive income of Motivated for the year ended $28$ February $2022$

R

Sales income $122000$

Cost of sales expense $-43000$

Gross profit $79000$

Net operating costs $-44000$

Operating profit $35000$

Interest expense $-4200$

Profit before tax $30800$

Taxation expense $-12300$

Net profit for year $18500$

Statement of financial position of Motivated as at $28$ February $2022$

$20222021$

Non$-$current assets:

Equipment R $53000$ R $27000$

Current assets:

Inventory R $4000$ R $3800$

Bank R $21300$ R $12300$

R $25300$ R $16100$

Total assets R $78300$ R $43100$

Equity:

Share capital: class A R $33000$ R $25000$

Retained earnings R $22500$ R $4000$

R $55500$ R $29000$

Non$-$current liabilities:

Long$-$term loans R $15500$ R $4000$

Current liabilities:

SARS $($income tax$)$ R $3000$ R $2100$

Income received in advance R $2200$ R $1600$

Trade payables

R $2100$ R $6400$

R $7300$ R $10100$

Total equity and liabilities

Additional information

R $78300$ R $43100$

$1.$ Dividends were not declared during the year ended $28$ February $2022.$

$2.$ Equipment with a book value of R$20000$ was sold during the year.

$3.$ The company raised loans of R$14000$ during the year ended $28$ February $2022.$

$4.$ The operating costs included in the statement of comprehensive income for the year ended

$28$ February $2022$ included the following items:

Bad debts expense

$2000$

Wages expense

Rent expense

Depreciation expense

$24000$

$10000$

$4000$

Profit on disposal of equipment $3000$

$5.20000$ Class A shares were issued for $50$c each during the year and share issue costs of

R$2000$ were paid in this transaction.

Required:

Prepare the cash flow statement of Motivated for the year ended $28$ February $2022,$ using the indirect

method.