QUESTION 3 [25 MARKS] Pumpkin Clothing Co. Pty has the following summarised accounts for the years ending 31 March 2020. . Statement of Financial Position as at 31 March 2020 2020 R'm 4,300 2019 R'm 3,800 NON-CURRENT ASSETS Property. Plant and Equipment CURRENT ASSETS Inventory Trade receivables TOTAL ASSETS MIITIT 1,500 2,200 8.000 1,600 1.800 7.200 EQUITY Share capital Retained earnings 1,300 2.200 3,500 1,300 1.900 3.200 NON-CURRENT LIABILITIES Deferred tax Finance lease liabilities 1,070 1.300 2370 850 1200 2050 CURRENT LIABILITIES Trade payables Finance lease liabilities Bank overdraft 1,250 520 360 2.130 8.000 1,090 450 410 1.950 7.200 TOTAL EQUITY & LIABILITIES Statement of Comprehensive Income for the year ended 31 March 2020 R'm Revenue Cost of sales Gross profit Operating expenses Finance costs Profit before tax Tax Profit after tax 4,300 (2.000) 2,300 (1,000) (250) 1,050 1450) 600 1 Further information: : (a) The actual tax paid amounted to R210m. (b) New property, plant and equipment amounted to R870m. (c) Actual payments made for finance lease liabilities amounted to R450m. (d) Depreciation charge for the year was R970m and no properties, plant and equipment were disposed during the year. (e) The company paid dividends worth R300m. . Required: Prepare a statement of cash flow for Pumpkin Clothing Co. Pty for the year ended 31 March 2020 as per IAS 7. Use the indirect method