The following information was extracted from the accounting records of Royal (Pty) Ltd for the financial year ended 31 May 2021. Royal (Pty) Ltd Extract: Statement of financial position as at 31 May 2021 Property, plant and equipment 31 May 2021 R 31 May 2020 R Land and buildings at cost. 300 000 240 000 Equipment at carrying amount 45 000 52 500 Investment in shares 247 500 165 000 Inventory 180 000 180 000 Trade debtors.. 55 500 42 750 Prepaid expenses NII 2 250 Ordinary share capital 600 000 442 500 Retained earnings 82 500 7 500 12% Debentures 30 000 90 000 37 500 63 750 Trade creditors Bank overdratt 31 500 37 500 7 500 11 250 Income tax payable Dividends payable 45 000 30 000 Page 7 of 8 Royal (Pty) Ltd Extract: Statement of profit or loss and other comprehensive income for the year ended 31 May 2021 31 May 2021 R 7500 Depreciation equipment. Dividends received 27 000 11 250 Interest expense. Profit before tax 240 000 Income tax 75 000 Profit for the year 165 000 Royal (Pty) Ltd Extract: Statement of changes in equity for the year ended 2021 31 May 2021 R Dividends declared: Ordinary 90 000 Required: Prepare the statement of cash flows for Royal (P) Lad for the year ended 31 May 2021 in compliance with the International financial Reporting Standards in as much as possble for this business The following information was extracted from the accounting records of Royal (Pty) Ltd for the financial year ended 31 May 2021. Royal (Pty) Ltd Extract: Statement of financial position as at 31 May 2021 Property, plant and equipment 31 May 2021 R 31 May 2020 R Land and buildings at cost. 300 000 240 000 Equipment at carrying amount 45 000 52 500 Investment in shares 247 500 165 000 Inventory 180 000 180 000 Trade debtors.. 55 500 42 750 Prepaid expenses NII 2 250 Ordinary share capital 600 000 442 500 Retained earnings 82 500 7 500 12% Debentures 30 000 90 000 37 500 63 750 Trade creditors Bank overdratt 31 500 37 500 7 500 11 250 Income tax payable Dividends payable 45 000 30 000 Page 7 of 8 Royal (Pty) Ltd Extract: Statement of profit or loss and other comprehensive income for the year ended 31 May 2021 31 May 2021 R 7500 Depreciation equipment. Dividends received 27 000 11 250 Interest expense. Profit before tax 240 000 Income tax 75 000 Profit for the year 165 000 Royal (Pty) Ltd Extract: Statement of changes in equity for the year ended 2021 31 May 2021 R Dividends declared: Ordinary 90 000 Required: Prepare the statement of cash flows for Royal (P) Lad for the year ended 31 May 2021 in compliance with the International financial Reporting Standards in as much as possble for this business