Use the information provided below to prepare the Cash Flow Statement of Rolex Limited for the year ended 31 December 2021.

Additional information

All purchases of inventories are on credit.

The selling and administrative expenses include depreciation of R320 000.

Property, plant and equipment were purchased during the year but there were no disposals.

The total dividends for the year ended 31 December 2021 amounted to R360 000.

The issued share capital consisted of 100 000 ordinary shares. The market price of the shares on 31 December 2021 was R35.

Current assets 1 000 000 900 000 Use the information provided below to prepare the Cash Flow Statement of Rolex Limited for the year ended 31 December 2021 INFORMATION Invertorias 480 000 500 000 The following information was extracted from the records of Rolex Limited for the financial year ended 31 December 2021 Accounts receivable 510 000 320 000 Cash and cash equivalents 90 000 80 000 ROLEX LIMITED Total assets 4 820 000 3840 000 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 EQUITY AND LIABILMES R Equity 3 120 000 2 600 000 Sales 4 140 000 Ordinary share capital 2 000 000 2 000 000 Cost of sales 12 020 000) Ratained earnings 1 120 000 600 000 Gross proft 2 120 000 Noncurrent liabilities 800 000 400 000 Seling and administrative cipenses (840 000) Long term loan 800 000 400 000 Operating proft 1 280 000 Current liabilities 900 000 840 000 Interest expense (80000 Accounts payable 480 000 680 000 Profit before tax 1 200 000 Company tax payable 160 000 80 000 Company tax (320 000 Dividends payable 280 000 200 000 Profit after tas 880 000 Total equity and lates 4 820 000 3 840 STATEMENT OF FINANCIAL POSMONAS AT 31 DECEMBER: ASSETS 2021 (R) 2020R) Non-current assets 3 740 000 2 940 000 Property, plant and equipment 3440 000 2940 000 Investments 300 000 0