QUESTION 3

QUESTION THREE The following are extracts from the financial records of Kayak Kayak Africa Ltd Statement of financial position (extract) a 2018 2017 al records of Kayak Africa Ltd al position (extract) as at 30 June RR Trade receivables 80 000 72 000 Inventories 20 000 28 000 Stationery on hand 1 000 1200 Trade payables 40 000 42 000 Prepaid expenses 800 200 Accrued expenses 8 400 8 800 Kayak Africa Ltd Statement of comprehensive income (Profit and loss section only for the year ended 30 June 92 000 Sales income (49000) Cost of sales expense 43 000 Gross profit (22000) Net operating costs 21 000 Operating profit (2000) Finance costs (4000) Taxation expense 15 000 Net profit for year Additional information: Net operating costs include Depreciation expense (non-cash item) 4000 3 100 Profit on sale of non-current asset (non-cash item) Salaries and wages expense 7 000 You are required to: Prepare the cash from operations section of the cash flow statement of Kayak Africa for the year ended 30 June 2018, on the indirect method QUESTION FOUR