Question 1 National Foods Pvt. Ltd. is a company producing canned foods. Below are the company's financial statements National Foods Pvt Ltd Statement of Income for the year ended 31 Sales revenue Cost of goods sold Gross proft Operating Expensss 900.000) Other operating expense (150,000) profit before tax 290.000 240,000 ax expense National Foods PvM Ld Statement of Financial Position as an 3 Non-current Assets 900,000 -JAcoumulated depreciation 120.000 480000 150,000sooo Current Assets Bank Debtors 1,186.500 150.000 90.000 176 500 300.000 75.000 Total Assets 1580,000 Current Liabilities 90,000 31.500 Operating expenses payable Shareholders' Equity Ordinary share capita Retained eamings Total Liabiities & Equities 478.500 478.500 900.000 2.176.500 600,000 Required Prepare the statement of cash flows for National Foods Pvt Ltd for the year ended 31 August 2018 using the direct method. (Show all calculations) marks) (20