Prepare the statement of cash flows for Royal (Pty) Ltd for the year ended 31 May 2021 in compliance with the International financial Reporting Standards in as much as possible for this business.

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QUESTION FOUR [20] The following information was extracted from the accounting records of Royal (Pty) Lid for the financial year ended 31 May 2021 Royal (Pty) Ltd 31 May 2021 R 31 May2020 R Extract: Statement of financial position as at 31 May 2021 Property, plant and equipment Land and buildings at cost. Equipment at carrying amount 300 000 240 000 45 000 52 500 Investment in shares. 247 500 165 000 186 000 180 000 55500 42 750 NI 2 250 600 000 442 500 Inventory.... Trade debtors Prepaid expenses. Ordinary share capital Retained earnings 12% Debentures Trade creditors Bank overdraft 82 500 7500 30 000 90 000 37 500 63 750 31 500 37 500 Income tax payable. 7 500 11 250 Dividends payable 45 000 30 000 Royal (Pty) Ltd 31 May 2021 R 7 500 27 000 Extract: Statement of profit or loss and other comprehensive income for the year ended 31 May 2021 Depreciation equipment. Dividends received Interest expense Profit before tax Income tax Profit for the year 11 250 240 000 75 000 165 000 Royal (Pty) Ltd Extract: Statement of changes in equity for the year ended 2021 31 May 2021 R Dividends declared: Ordinary 90 000