FORMATIVE ASSESSMENT $1[100$ MARKS$]\backslash$begin$\{$tabular$\}\{|$l$|\}\backslash$hline $\backslash$begin$\{$tabular$\}\{$l$\}$ Answer ALL questions $\backslash \backslash$ Read the case study and answer the questions that follow: $\backslash$end$\{$tabular$\}\backslash \backslash \backslash$hline Cosmed Limited was founded over twenty years ago. It started as a retailer with various stores that sold health care products and cosmetics$.$ The management of Cosmed Limited took advantage of the changes in South African legislation in the year that it commenced operations $(2003)$ by entering the pharmacy market in December of the same year. $\backslash \backslash \backslash$hline The company currently competes successfully in the personal care and pharmacy markets. The statement of cash flows for the financial year ended $31$ December $2023$ shown below reveals a strong cash position: $\backslash \backslash \backslash$hline $\backslash$end$\{$tabular$\}\backslash$begin$\{$tabular$\}\{|$l$|$l$|\}\backslash$hline $\backslash$multicolumn$\{2\}\{|$l$|\}\{$COSMED LIMITED$\}\backslash \backslash \backslash$hline $\backslash$multicolumn$\{2\}\{|$l$|\}\{$STATEMENT OF CASH FLOWS FOR THE YEAR ENDED $31$ DECEMBER $2023\}\backslash \backslash \backslash$hline & R $\backslash \backslash \backslash$hline Cash flows from operating activities & $17000000\backslash \backslash \backslash$hline Operating profit & $30000000\backslash \backslash \backslash$hline Depreciation & $7000000\backslash \backslash \backslash$hline Profit before working capital changes & $37000000\backslash \backslash \backslash$hline Working capital changes & $(6000000)\backslash \backslash \backslash$hline Decrease in inventory & $500000\backslash \backslash \backslash$hline Increase in receivables & $(4500000)\backslash \backslash \backslash$hline Decrease in payables & $?\backslash \backslash \backslash$hline Cash generated from operations & $31000000\backslash \backslash \backslash$hline Interest paid & $(2000000)\backslash \backslash \backslash$hline Investment income & $?\backslash \backslash \backslash$hline Dividends paid & $(8000000)\backslash \backslash \backslash$hline Company tax paid & $(5700000)\backslash \backslash \backslash$hline Cash flows from investing activities & $(26000000)\backslash \backslash \backslash$hline Non$-$current assets purchased & $(19000000)\backslash \backslash \backslash$hline Investment & $(7000000)\backslash \backslash \backslash$hline $\backslash$end$\{$tabular$\}$

Calculate the following. Decrease the payables?