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The following are extracts from Gamgee Limiteds financial statements: Statement of comprehensive income: Cost of sales is R 70 000. Statement of financial position: Trade

The following are extracts from Gamgee Limiteds financial statements: Statement of comprehensive income: Cost of sales is R 70 000. Statement of financial position: Trade payables balances: - Opening balance: R60 000 - Closing balance: R40 000 Statement of financial position: Inventory balances: - Opening balance: R50 000 - Closing balance: R80 000 Required: Calculate the cash paid for inventory to be included in cash payments to suppliers and employees

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