Position at 31 December 2021 and 2020 are as follows. KGOTSO CO INCOME STATEMENT FOR THE YEAR

Position at 31 December 2021 and 2020 are as follows. 

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KGOTSO CO INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021 P'000 P'000 Sales Raw materials consumed Staff costs Depreciation Loss on disposal of non-current asset Operating profit Interest payable Profit before tax Taxation Profit for the year Non-current assets Cost Depreciation KGOTSO CO STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 P'000 Current assets Inventory Trade receivables Bank Total assets. Equity and liabilities Equity Share capital Share premium Retained earnings Non-current liabilities Long-term loans DWS. Current liabilities Trade payables Taxation Total equity and liabilities 70 94 118 18 1,596 (318) 1.278 24 76 48 148 1.426 360 36 716 1.112 200 12 102 114 1.426 Additional information: i. Dividends paid were P66,000. ii. During the year, the company paid P90,000 for a new piece of machinery. 2020 P'000 720 300 420 28 392 124 268 1,560 (224) 1.336 20 58 56 134 1.470 340 24 514 878 500 6 1.470 Required: Prepare the statement of cash flows for Kgotso Co for the year ended 31 December 2021 using the indirect method. KGOTSO CO INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021 P'000 P'000 Sales Raw materials consumed Staff costs Depreciation Loss on disposal of non-current asset Operating profit Interest payable Profit before tax Taxation Profit for the year Non-current assets Cost Depreciation KGOTSO CO STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 P'000 Current assets Inventory Trade receivables Bank Total assets. Equity and liabilities Equity Share capital Share premium Retained earnings Non-current liabilities Long-term loans DWS. Current liabilities Trade payables Taxation Total equity and liabilities 70 94 118 18 1,596 (318) 1.278 24 76 48 148 1.426 360 36 716 1.112 200 12 102 114 1.426 Additional information: i. Dividends paid were P66,000. ii. During the year, the company paid P90,000 for a new piece of machinery. 2020 P'000 720 300 420 28 392 124 268 1,560 (224) 1.336 20 58 56 134 1.470 340 24 514 878 500 6 1.470 Required: Prepare the statement of cash flows for Kgotso Co for the year ended 31 December 2021 using the indirect method.

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KGOTSO Co Statement of Cash Flows For the year ended 31st December 2021 Particulars Net Cash Provide... View the full answer