The following information pertains to Tse hlanyane CC 1. Selected items from the statement of financial position as at 30 June 2018 2017 Member's contribution: Dee Members contribution: Sam Trade payables control (Trade creditors) Non-current portion of long-term loan (Mbhovu Bank) Current portion of long term loan (Mbhovu Bank) Retained earnings Current tax payable Land and buildings at cost Furniture and equipment at carrying amount Fixed deposit Accrued expense (Water and electricity) Inventory Investment: Shares in We 300 000 400 000 30 560 80 000 40 000 80 760 8 900 259 050 23 200 90 000 10 040 39 400 105 000 200 000 350 000 59 400 120 000 80 000 65 700 4 400 153 600 33 600 5 100 40 600 i Limited 2. Selected items from the statement of profit or loss and other comprehensive income of Tsehlanyane CC for the year ended 30 June 2018 Profit on sale of furniture and Depreciation (furniture and equipment) Cost of sales Water and electricity 800 4 800 68 400 25 000 8 000 33500 Salaries 3. Additional information: 3.1 No land and buildings were sold during the year; it is the policy of the company to only sell fixed assets for cash. Land with a cost of R50 000 was bought on credi 3.2 The fixed deposit and additional members contribution was made in cash. 3.3 Tse hlanyane CC uses the direct method when preparing the cash flow statement 4 All purchases of stock are on credit QUESTION 8 Which one of the following altematives represents the correct amount relating to the net cash from financing activities, which is to be disclosed in the statement of cash fiows of Tsehianyane CC for the year ended 30 June 2018? 1. R 60 000 2. R 70 000 3. R110 000 4. R100 000