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REQUIRED Use the information provided below to prepare the Cash Flow Statement of Alto Limited for the year ended 31 December 2022. INFORMATION The following
REQUIRED Use the information provided below to prepare the Cash Flow Statement of Alto Limited for the year ended 31 December 2022. INFORMATION The following amounts were obtained from the Statement of Comprehensive Income for the year ended 31 December 2022 and Statement of Financial Position of Alto Limited as at 31 December 2022 and 31 December 2021: 31 Dec 2022 Dec 2021 R R Sales 11000000 Cost of sales 6500000 Depreciation 750000 Operating profit 1650000 Interest expense 450000 Company tax for the year 400000 Property, plant and equipment (carrying value) 6250000 5000000 Long-term investments 350000 400000 Inventories 2150000 2050000 Accounts receivable 1700000 1700000 Prepaid expenses 200000 50000 Cash and cash equivalents 500000 350000 Ordinary share c
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