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REQUIRED Use the information provided below to prepare the Cash Flow Statement of Alto Limited for the year ended 3 1 December 2 0 2

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 202231 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)62500005000000
Long-term investments 350000400000
Inventories 21500002050000
Accounts receivable 17000001700000
Prepaid expenses 20000050000
Cash and cash equivalents 500000350000
Ordinary share capital (All shares issued at R10 each)31000003100000
Retained earnings 30000002500000
Non-current liabilities 36000003350000
Accounts payable 1100000200000
Accrued expenses 10000070000
Dividends payable 200000250000
Company tax payable 5000080000
Note:
Dividends paid and recommended during 2022 amounted to R300000.
All purchases and sales of inventories are on credit.
Some of the investments were redeemed during the financial year ended 31 December 2022.
Debtors are granted credit terms of 30 days.

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