The information below relates to questions 1-20. Mnambithi CC has presented you with the following information CC for the preparation of the statement of cash flows for the previous financial year ended 31 August 2022: Extract from the statement of financial position as at 31 August 2022: 2022 2021 R R Land and buildings (at cost) 730 300 470 400 Machinery (at cost) 399 700 365 200 Accumulated depreciation: Machinery 112 100 48 000 Dividend receivable 14 000 65 000 Trade receivables control 69 500 65 600 Distribution to members payable 71 300 100 400 Members' contributions 1 161 500 995 000 Retained earnings 210 500 73 500 Long-term loan 258 100 182 700 Trade payables control Current tax payable 126 600 69 600 57.500 41 300 Loans to members 90 700 35 200 Loans from members 109 800 Bank 128 500 198 000 Accrued water and electricity expenses 5 300 2 600 Inventory 38 300 24 000 Investment (at fair value) 131 700 Prepaid telephone expense 13 700 12 400 17 400 13 400 Fixed deposit Extract from the statement of profit or loss and other comprehensive income for the year ended 31 A Revenue Cost of sales Investment income: dividend income Fair value gain on listed investments Interest income on loans to members Interest income on loans from members Interest expense on long term loans Income tax expense Loss on sale of machinery R 671 300 314 000 11 700 16 500 11 200 12 100 9 700 85 300 6 400 Office expenses 16 200 Repairs and maintenance 19 600 Telephone expenses 21 600 Water and electricity 36 500 Depreciation on machinery 64 200 Additional information 1. 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 2024. 2. Improvements to land and buildings were carried out during the year. 3. All inventories are purchased and sold on credit. 4. Cash flows from operating activities are presented using the direct method 5. Profit distribution to members paid amounted to R30 000. 6. Machinery with a cost price of R21 000 and accumulated depreciation of R8 800 was sold for cash. A replacement machinery was bought on 30 June 2022. 7. Investments consist of the following: Ordinary shares in Khanda Limited Which of the following alternatives represents the correct amount that must be disclosed as acquisition of listed investments under cash flows from investing activities section in the statement of cash flows for Mnambithi CC for the year ended 31 August 2022? O a. 131 700 O b. (115 200) O c. (131 700) O d. 0 13 Which of the following alternatives represents the correct amount that must be disclosed as investments in property, plant and equipment to expand operating capacity additions to machinery under cash flows from investing activities section in the statement of cash flows for Mnambithi CC for the year ended 31 August 2022? a. (55 500) 06.0 Oc. 34 500 d. (34 500) Which of the following alternatives represents the correct amount that must be disclosed as cash receipts from customers under cash flows from operating activities section in the statement of cash flows for Mnambithi CC for the year ended 31 August 2022? O a. 536 200 O b. 667 400 O c. 671 300 O d. 806 400 43