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REQUIRED Use the information provided below to prepare the Cash Flow Statement of Nascar Limited for the year ended 31 December 2021. INFORMATION The following
REQUIRED Use the information provided below to prepare the Cash Flow Statement of Nascar Limited for the year ended 31 December 2021. INFORMATION The following Information was extracted from the records of Nascar Limited for the past two years: STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER: STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: Additional information - The issue price of all the shares is R10 each. New shares were issued on the first day of the financial year. - Interim and final dividends for the year ended 31 December 2021 amounted to R1 413000 . - Fixed assets were sold at carrying (book) value during the year for R1440000. Fixed assets were also purchased. - The shares in Nascar Limited are currently selling for R12 each. - All purchases and sales of inventories are on credit. - The following ratios have been calculated: 20 MARKS
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