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The information below relates to all cash flow statement questions below The following information pertains to Sugar CC. Sue and Gar are the only members

The information below relates to all cash flow statement questions below

The following information pertains to Sugar CC. Sue and Gar are the only members of the CC.

Extract from ledger account balances as at 30 September:

2022 2021
R R
Members contribution: Sue 278,400 231,000
Members contribution: Gar 278,400 231,000
Retained earnings 20,900 15,200
Long-term loan - ABC Bank 70,300 111,000
Land and buildings at cost 250,000 385,000
Machinery and equipment at carrying amount 170,600 200,700
Inventory 53,000 44,000
Trade receivables control 64,800 95,000
Listed investments 146,900 -
Bank 19,000 30,000
Trade payables control 47,900 38,200
SARS (income tax) 35,000 51,000
Distributions payable 41,000 36,500
- -
Accrued expenses (wages) - 13,000
Prepaid expenses 5,800 2,600
Revenue 655,000
Cost of sales 230,600
Administrative, distribution and other expenses 113,100
Fair value gain on listed investments 2,800
Dividends income 19,900
Loss on sale of machinery and equipment 3,500
Income tax expense 38,800
Depreciation 10,600
Wages 52,300
Insurance expense 9,400

Additional information

2.1 The following pertains to property, plant and equipment:

During the year machinery and equipment with a carrying amount of R110 000 was sold for cash. This transaction has been correctly recorded.

Land and buildings with a cost price of R220 000 were sold for cash at the same amount. Land and buildings are not depreciated.

All purchases of property, plant and equipment pertained to replacements and were paid in full.

2.2 On 28 September 2022 Sugar CC declared a final distribution amounting to R77 800.

2.3 The interest expense paid on the long-term loan amounted to R16 800 and is not yet recorded.

Which of the following alternatives represents the correct amount that must be disclosed as acquisition of listed investments in the cash flows from operating activities section according to direct method in the statement cash flows of Sugar CC for the year ended 30 September 2022?

1.

(144 100)

2.

(144 000)

3.

(121 100)

4.

150 100

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