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QUESTION FOUR [25] The bookkeeper of Mobile Telephone Sales Ltd has provided you with the following balances that have been extracted from the annual financial statements for the year ended 28 February 2020. The bookkeeper is interested to know whether the normal trading activities of the business have generated sufficient cash to pay all its non- discretionary expenses during the year. 2020 2019 Sales 1 204 000 1 139 600 586 250 553 700 Cost of sales Noncurrent assets (carrying value) 240 000 180 000 Rent income 48 000 36 000 564 200 532 350 Operating expenses Accrued interest expense 0 2 400 10 500 0 52 500 42 000 14 000 26 250 24 500 31 500 Profit on sale of asset Long term loan (liability) Trade receivables Trade payables South African Revenue Services (Income tax) Shareholders for dividend Share capital at 50c par value 8 750 (Dr) 17 500 (Cr) 30 000 3 500 300 000 175 000 Additional Information: The following additional information had been made available for the 2020 financial year: a) Non-current assets with a carrying value R35 000 were sold for cash. b) The company declared a final dividend of R30 000 on the last day of the current financial year. An interim dividend of R22 000 had been declared on the 31 August 2019 and paid in cash on 23 September 2019. C) The bookkeeper estimated that the company would be liable for income tax to the amount of R34 000. d) Rent income earned during the year has been received and no amounts were outstanding or prepaid as at 28 February 2020. e) The following amounts are included in operating expenses: Depreciation 89 500 Employee cost 189 900 Interest expense 7 350 Required: Prepare ONLY the Cash Flow from operating activities section of the statement of cash flows UNDER THE INDIRECT METHOD for the year ended 28 February 2020. Notes are required. Comparatives are not required