The following information was extracted from the accounting records of Mode Ltd for the financial year ended 30 June 2022

Additional information:

1. Shares were issued for cash during the year.

2. Dividends of R180 000 were declared during the current financial year

3. on 31 October, machinery with a carrying amount of R110 000 was sold for cash. A replacement machine as well as additional machinery was purchased for cash.

4. No long term borrowings were made during the year.

5. Investments were sold during the year. No new investments were purchased.

Required: Take all the above information into account and prepare the statement of cash flows for Mode Ltd for the year ended 30 June 2022. Use the indirect method. Your answer must comply with the International Financial Reporting Standards (IFRS) appropriate to this type of business. Show all workings. Round off all workings to the nearest Rand.

Extract from: Statement of Profit or loss and other comprehensive income of Mode Ltd for the year ended 30 June 2022 Extract from: Statement of financial position of Mode Ltd as at 30 June 2022: \begin{tabular}{|l|c|c|} \hline ASSETS & 30 June 2022 & 30 June 2021 \\ \cline { 2 - 3 } Land and buildings & R & R \\ Machinery at carrying amount & 925000 & 890000 \\ Investments & 875000 & 250000 \\ Inventory & 235000 & 385000 \\ Trade debtors & 170000 & 480000 \\ Receiver of revenue - income tax & 140000 & 400000 \\ Bank balance & 10000 & Nil \\ Total assets & 30000 & 15000 \\ \cline { 2 - 3 } EQUITY AND LIABILITIES & 2385000 & 2420000 \\ \cline { 2 - 3 } EQUITY & & \\ Ordinary share capital & 1565000 & 940000 \\ Retained earnings & 745000 & 480000 \\ \cline { 2 - 3 } & 820000 & 460000 \\ \cline { 2 - 3 } LIABILITIES & 820000 & 1480000 \\ \hline Long term Borrowings & 750000 & 1050000 \\ Trade creditors & 60000 & 352000 \\ Receiver of revenue - income tax & Nil & 43000 \\ Shareholders for dividends & 10000 & 35000 \\ \cline { 2 - 3 } Total equity and liabilities & 2385000 & 2420000 \\ \cline { 2 - 3 } & & \\ \hline \end{tabular}