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Presented below are the financial statement of SIZANANI LIMITED....STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 28 FEBRUARY 2019.. Revenue from sales 1040 900 Cost
Presented below are the financial statement of SIZANANI LIMITED....STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 28 FEBRUARY 2019.. Revenue from sales 1040 900 Cost of Sales (656 300) Gross profit 384 600 Finance cost (193 200) Profit before tax (37 600) Income tax expenses 153 800 Profit for the period (34 200) Other comprehensive income - TOTAL COMPREHENSIVE INCOME 119 600 ADDITIONAL INFORMATION: 1. Plant & equipment which cost R24 000 were sold and accumulated depreciation to the date of sale amounted to R17 000. 2. An amount of R20 000 was repaid on the mortgage bond. 3. Included in operating expenses are the following: # Depreciation expenses R60 000 # Loss on disposal of plant & equipment R4 000 # Other distribution expenses R129 200. REQUIRED PREPARE, USING DIRECT METHOD, THE STATEMENT OF CASH FLOWS OF SIZANANI LIMITED FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2019. PLEASE HELP
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