Use the information provided below to prepare the Cash Flow Statement of Alto Limited for the year ended 31 December 2022.

INFORMATION The following amounts were obtained from the Statement of Comprehensive Income for the year ended 31 December 2022 and Statement of Financial Position of Alto Limited as at 31 December 2022 and 31 December 2021: 31 Dec 2022 31 Dec 2021 R R Sales 11 000 000 Cost of sales 6 500 000 Depreciation 750 000 Operating profit 1 650 000 Interest expense 450 000 Company tax for the year 400 000 Property, plant and equipment (carrying value) 6 250 000 5 000 000 Long-term investments 350 000 400 000 Inventories 2 150 000 2 050 000 Accounts receivable 1 700 000 1 700 000 Prepaid expenses 200 000 50 000 Cash and cash equivalents 500 000 350 000 Ordinary share capital (All shares issued at R10 each) 3 100 000 3 100 000 Retained earnings 3 000 000 2 500 000 Non-current liabilities 3 600 000 3 350 000 Accounts payable 1 100 000 200 000 Accrued expenses 100 000 70 000 Dividends payable 200 000 250 000 Company tax payable 50 000 80 000 Note: Dividends paid and recommended during 2022 amounted to R300 000. All purchases and sales of inventories are on credit. Some of the investments were redeemed during the financial year ended 31 December 2022. Debtors are granted credit terms of 30 days