The following information which relates to Nandoni CC is presented to you for the preparation of the statement of cash flows for the previous financial year ended 31 August 2020:

Extract from the statement of financial position as at 31 August 2021:

	2021	2020
	R	R
Members contributions	1 233 900	1 089 700
Retained earnings	223 500	80 400
Long-term loan	274 100	200 000
Distribution to members payable	75 600	109 700
Loans to members	94 900	34 400
Loans from members	114 800	-
Trade payables control	132 400	67 500
Current tax payable	60 000	40 400
Land and buildings (at cost)	775 700	514 900
Machinery (at cost)	424 500	399 800
Accumulated depreciation: Machinery	118 900	52 300
Investment (at fair value)	137 800	-
Loans to members	40 900	56 800
Inventory	40 000	23 400
Dividend receivable	14 700	71 000
Trade receivables control	73 800	71 600
Prepaid advertising expense	14 100	12 000
Accrued security expenses	5 300	2 400
Fixed deposit	18 000	12 900
Bank	134 500	194 400

Extract from the statement of profit or loss and other comprehensive income for the year ended 31 August 2021:

	R
Revenue	734 900
Cost of sales	343 800
Investment income: dividend income	12 600
Fair value gain on listed investments	17 800
Interest income on loans to members	12 100
Interest income on loans from members	13 000
Interest expense on long term loans	10 500
Income tax expense	99 000
Loss on sale of machinery	7 200
Office expenses	18 700
Repairs and maintenance	22 600
Telephone expenses	24 900
Water and electricity	42 200
Depreciation on machinery	74 500

Additional information

1. Cash flows from operating activities are presented using the direct method
2. Profit distribution to members paid amounted to R33 000.

1. All inventories are purchased and sold on credit.
2. Interest on loans advanced to and received from members is capitalised. All loans to members are immediately callable whilst the total amount owing to members is payable on 31 August 2023.
3. Machinery with a cost price of R26 800 and accumulated depreciation of R8 900 was sold for cash. A replacement machinery was bought on 30 June 2020.
4. Improvements to land and buildings were carried out during the year.
5. Investments consist of the following:

• Ordinary shares in Kungwini Limited

Which of the following alternatives represents the correct amount of purchases under cash flows from operating activities section in the statement of cash flows for Nandoni CC for the year ended 31 August 2021?

• A.

  357 000

• B.

  340 400

• C.

  343 800

• D.

  360 400

Assume that the correct amount for cash purchases is R350 000. Which of the following alternatives represents the correct amount that must be disclosed as cash paid to suppliers and employees under cash flows from operating activities section in the statement of cash flows for Nandoni CC for the year ended 31 August 2021?

• A.

  284 300

• B.

  385 000

• C.

  277 500

• D.

  392 700

Which of the following alternatives represents the correct amount that must be disclosed as dividends received under cash flows from operating activities section in the statement of cash flows for Nandoni CC for the year ended 31 August 2021?

• A.

  68 900

• B.

  67 500

• C.

  12 500

• D.

  12 600

Which of the following alternatives represents the correct amount that must be disclosed as interest paid under cash flows from operating activities section in the statement of cash flows for Nandoni CC for the year ended 31 August 2021?

• A.

  (10 500)

• B.

  (10 400)

• C.

  10 000

• D.

  10 100