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QUESTION THREE [25] The annual financial statements of Bongo (Pty) Lad are in the final stages of completion for the year ended 30 June 2023

image text in transcribed QUESTION THREE [25] The annual financial statements of Bongo (Pty) Lad are in the final stages of completion for the year ended 30 June 2023 . The following information was extracted to prepare the statement of cash flows for the current financial year. Bongo (Pty) Ltd Additional Information: 1 Authorised share capital: 1000000 Ordinary shares 2 Issued share capital: 100000 Ordinary shares were sold for cash during the current financial period. 3 Dividends of R30 000 were declared and paid on 20 June 2023. 4 Equipment with a carrying amount of R240 000 was sold and new equipment was purchased during the current financial year. s Bongo (Pty) Ltd raked a long term loan of R1e8 000 in May 2023. 6 The following information was extracted from the statement of comprehensive income for the year ended 30 June 2023 : * Sales for the year was R1 464000 * Rental income was Res 400. * Profit on disposal of equipment R3 000 * Depreciation R48 000 * Interest expense RSO 400 * Income tax expense R.147 600 * Profit ather tax R222 000 . Roquirod: Prepare the statement of cash flows for Bongo (Pty) Lid for the financial year ended 30 June 2023 in compliance with the requirements of the International Financial Reporting Standards (IFRS) in as much as the given information allows. Use the indirect method

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