Required: Prepare the statement of cash flows for royal (Pty) Ltd for the year ended 31 May 2021 in compliance with the international financial reporting standards in as much as possible for this business

The following Information was extruded from the moontling records of Raya (Pty) Ltd for the financial year ended 31 May 2021. Royal (Pty) Ltd 31 May 2021 R 31 May2020 R 300 000 240 000 45 000 62 500 166 000 247 500 186 000 180 000 55 500 42 780 Extract Statement of financial position as at 31 May 2021 Property, plant and equipment Land and buildings at oost. Equipment at annying amount. Investment in shares. Inventory Trade debtors.. Prepaid expenses. Ordinary share capital. Retained earnings. 12% Debentures. Trade creditors. Bank overdraft. Income tax payable. Dividends payable Nil 2.250 442 600 600 000 82 500 7 500 30 000 90 000 37 500 63 750 31 500 37 500 7 500 11 250 45 000 30 000 Page 7 of 8 Royal (Pty) Ltd Extrac Statement of profit or loss and other comprehensive income for the year ended 31 May 2021 31 May 2021 R Deprecaton equipment Dividends received 500 Intere expense 27 000 Pratit before tax 11250 income 240 000 75 000 Pront of the car 165 000 Royal (Pty) Ltd Extract Statement of changes in common the mended 2001 9 May 2021 R Dividends declared OANDI 0 000