QUESTION $4(12$ marks$)$Cape Tech Ltd$.$ which is based in South Africa is a manufacturing firm that also investsin various assets. Below are the events that took place during the year ended $31$December $2023$:$1.$ Sale of Property, Plant, and Equipment $($PPE$)$:On $15$ March $2023,$ Cape Tech Ltd$.$ sold one of its old manufacturing machines thatwere no longer in use. The machine, originally bought for R$2000000,$ was sold forR$500000\mathrm{.}2.$ Sale of Long$-$Term Investments:Cape Tech Ltd$.$ also invests in the JSE market. On $30$ June $2023,$ they sold some oftheir holdings in a tech company. The shares were originally purchased for R$1000000$ and were sold for R$1400000$ which created a profit of R$400000\mathrm{.}3.$ Purchase of Intangible Assets:Cape Tech Ltd$.$ recognised an opportunity to streamline its manufacturing process byacquiring a new patent from another firm. An agreement was reached on $1$ September$2023,$ to purchase this patent for a total of R$1000000.$ However, the terms of the dealstipulated that Cape Tech Ltd$.$ would only make a down payment of R$200000$ in thecurrent year, with the remaining R$800000$ to be paid in the $2024$ year$\mathrm{.}4.$ Maturity of a Non$-$Trading Financial Asset:The company had invested R$1600000$ in debentures of another firm as a non$-$tradingfinancial asset. On $15$ October $2023,$ the debentures matured. The company receivedthe principal amount of R$1600000\mathrm{.}5.$ Insurance Settlements:Cape Tech Ltd$.$ received an insurance settlement of R$300000$ on $30$ November $2023.$This relates to damages to a piece of equipment that occurred during the year$\mathrm{.}6.$ Repayment of Long$-$Term Debt:On $15$ February $2023,$ Cape Tech Ltd$.$ repaid a portion of a long$-$term loan amountingto R$5000000\mathrm{.}11$ HFAC$130-1-$Jan$-$June$2024-$SuppSA$1-$LVN$-20230821-$V$27.$ Payment of Dividends:On $30$ April $2023,$ Cape Tech Ltd$.$ paid dividends to its shareholders, amounting toR$3000000\mathrm{.}8.$ Redemption of Bonds:On $31$ July $2023,$ Cape Tech Ltd$.$ redeemed bonds $($debt instruments$)$ payable worthR$4000000\mathrm{.}9.$ Decrease in Short$-$Term Borrowings:Due to a strong cash position towards the end of the year, Cape Tech Ltd$.$ reduced itsshort$-$term borrowings by R$500000$ on $15$ December $2023.$REQUIRED:Prepare the Cash flows from investing activities and Cash flows from financingactivities section of Cape Tech Ltd$.$s statement of cash flows for the year ended $31$December $2023,$ using the direct method.