please assist with the accounting and financial management assignment below

MANCOSA: ACCOUNTING AND FINANCIAL MANAGEMENT (20) QUESTION 1 The following information was extracted from the accounting records of Belle Mare Limited: Statement of Comprehensive Income for the vear ended 31 December 2018 (R) 2017 (R) 1 200 000 1856 000 Sales (750 000) (1 280 000) Cost of sales 450 000 576 000 Gross profit (212 000) (291 200) Operating expenses 26 000 30 000 Depreciation 186 000 261 200 Other operating expenses 238 000 284 800 Operating profit (72 000) (24 000) Interest on mortgage loan 166 000 260 800 Profit before tax (58 100) (90 240) Income tax 107 900 170 560 Profit after tax Statement of Financial Position as at 31 December 2017 (R) 2018 (R) ASSETS 2 444 000 2 464 160 Non-current assets 2 444 000 2 464 160 Property, plant and equipment 336 000 356 000 Current assets Inventories (all Trading Inventory) Trade & other receivables 250 000 120 000 40 000 196 000 2820 160 64 000 22 000 2 780 000 Cash & cash equivalents 2018 (R) 2017 (R) EQUITY AND LIABILITIES 1980 000 2 437 560 Equity Ordinary share capital (issued at R10 each) Retained income Non-current liability (Mortgage loan, 12 % p.a. ) Current liabilities Trade &other payables South African Revenue Services (income tax) Shareholders for dividends 1 760 000 220 000 600 000 200 000 138 000 2 180 000 257 560 200 000 182 600 98 000 8 600 76 000 6 000 56 000 2 820 160 2 780 000 MANAGEMENT 59 Additional information New shares were issued on 1 January 2018. Interim and final dividends for the year ended 31 December 2018 amounted to R133 000. Fixed assets were sold at carrying (book) value during the year for R144 000. Required: Study the information provided above by Belle Mare Ltd and prepare the Statement of Cash Flows (using the indirect method) for the year ended 31 December 2018. QUESTION 2 The Statement of Comprehensive Income provided below was obtained from the accounting records of Dreamonline Limited: (20) Statement of Comprehensive Income for the year ended 31 August 2018 (Extract) Sales 5 000 000 Cost of sales (1 900 000 Gross profit 3 100 000 Operating expenses (700 000) Operating profit 2 400 000 50 000 Interest income ? Interest expense 2 200 000 Profit before tax (630 000) Income tax 1570 000 Net profit Required: 2.1 Explain SIX (6) reasons why shareholders and financial managers would be interested in the Statement of Comprehensive Income. (6) (3) 2.2 Calculate the interest expense for the year ended 31 August 2018