QUESTION THREE The annual financial statements of Bongo (Pty) Ltd are in the final stages of completion to the year ended 30 June 2023. The following information was extracted to prepare the cash flows for the current financial year. Bongo (Pty) Ltd Statement of financial position as at 30 June 2023 (with comparative values for 30 June 20 ASSETS Equipment at carrying amount Inventory Trade receivables Bank Total Assets EQUITY AND LIABILITIES Equity Ordinary share capital Retained earnings Liabilities Long term borrowings Trade payables Income received in advance 7S: Tax payable vities 30 June 2023 R 838 000 48 000 22 800 202 800 909 600 636 000 273 806 27000 120100 20 MV

QUESTION THREE cash flows for the current financial year