QUESTION 4 (20 MARKS) REQUIRED Use the information provided below to prepare the Cash Flow Statement of Nascar Limited for the year ended 31 December 2021. INFORMATION The following Information was extracted from the records of Nascar Limited for the past two years: STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER: 2021 (R) 2020 (R) Sales 18 560 000 12 000 000 Cost of sales (12 800 000) (7 500 000) Gross profit 5 760 000 Operating expenses (2 912 000) Depreciation 300 000 4 500 000 (2 120 000) 260 000 Other operating expenses 2 612 000 1 860 000 Operating profit 2 848 000 Interest on mortgage loan Profit before tax Company tax Profit after tax (240 000) 2 608 000 (782 400) 1 825 600 2 380 000 (720 000) 1 660 000 (498 000) 1 162 000