Sara Limited $("$Sara$")$ is a trendy clothing company that has been periorming wall over the past few

years. Sara has a $31$ December year end. Sara has an authorised ordinary share capital of $110000$

shares. All sales made by Sara are on credit. You have been provided with the following extract of

the trial balance for the year ended $31$ December $2023$:

Note $1$: The equipment sold was purchased on $01$ November $2022$ for R$150000.$ The equipment

was expected to have a useful life of $4$ years and was depreciated using the diminishing balance

method. The equipment was sold on $31$ December $2023.$

The following transactions had not yet been accounted for in the above trial balance:

A capitalisation issue of $50000$ shares was issued on $30$ June $2023$ at the current market

price of R$2$ each.

Dividends of $50$ cents per share were declared but not paid on $31$ December $2023.$

Required:

Prepare the investing activities and financing activities extracts from the Statement of Cash Flows of

Sara Limited using the direct method for the year ended $31$ December $2023.$ in accordance with

International Financial Reporting Standards.

No comparatives are required.