QUESTION FOUR [20] The following information was extracted for the accounting records of Raz Limited for the financial year ended 30 April 2020. 1. Extract from the statement of financial position as at 30 April 2020. Comparative figures for the year ended 30 April 2019 are also included: ASSETS 30 April 2020 R 30 April 2019 R 460 000 390 000 Property, plant and equipment Land and building at cost Equipment at carrying value 400 000 320 000 70 000 60 000 Investments in shares 330 000 220 000 248 000 240 000 Inventory Trade debtors 74 000 57 000 Prepaid expenses Nil 3 000 5 Total assets 1 112 000 910 000 EQUITY & LIABILITIES Equity 910 000 600 000 Ordinary share capital Retained earnings 800 000 110 000 590 000 10 000 Liabilities 202 000 310 000 40 000 12,5% Debentures Trade creditors Bank overdraft Income tax payable Dividends payable 50 000 42 000 10 000 60 000 120 000 85 000 50 000 15 000 40 000 Total equity and liabilities 1 112 000 910 000 2. Extract from the statement of changes in equity for the year ended 30 April 2020 30 April 2020 R Dividends on ordinary shares 120 000 3. Items taken from the statement of comprehensive income for the year ended 30 April 2020: 30 April 2020 R 36 000 Dividend received on investments Depreciation on equipment Interest expense Profit before tax 10 000 15 000 320 000 100 000 Income tax expense Additional information: 1. No equipment was purchased or sold during the current financial period. 2. Ordinary shares were issued for cash during the year Required: Take all the above information into account and prepare the statement of cash flows of Raz Limited for the year ended 30 April 2020. The indirect method is in use for the preparation of statements of cash flows. Your answer must comply with the International Financial Reposting Standards (IFRS) appropriate to this type of business. Comparative figures are not required. Round off all workings to the nearest Rand