- X MBL4807-MODULE-OVERVIEW-2018.pdf - Adobe Reader File Edit View Document Tools Window Help - + 12 / 14 | 74% 15 Marks Find Question 4 WINTER (PTY) LTD INCOME STATEMENT 244.000 229.000 15,000 Income Sales Dividend received Expenses Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense Income tax expense Net Income 103,000 45,000 29,000 11,000 2,000 9,000 199,000 45,000 Additional data: 1. Collections from customers are R30,000 more than sales. 2. Payments to suppliers are R1,000 more than the sum of cost of goods sold plus advertising expense. 3. Payments to employees are R1,000 more than salary expense. 4. Dividend received interest expense and income tax expense equal their cash amounts. 5. Acquisition of plant assets is R150,000.of this amount R101,000 is paid in cash and R49.000 by signing notes payable. 6. Proceed from sale of land total R24,000. 7. Proceeds from issuance of ordinary shares total R30,000 8. Payment of long term note payable R15,000 9. Payment of dividends is R11,000. 10. Cash balance June 2015 was R20,000. REQUIRED: Prepare winter's Cash flow statement and accompanying schedule of non-cash investing and financing activities. Report operating activities by the direct method Activate Windows Go to Settings to activate Windows. O Type here to search 0 e wi P3 PEAB O X;FO 9 A N D 11:31 24/04/2018 V