QUESTION ONE [25] Prepare the indirect cashflow statement for the financial year ended 30 June 2023 for Bibby Limited based on the following financial information provided: Statement of Financial Position as at 30 June 2023 Assets Non-current assets Property, Plant and Equipment Current assets Inventory Accounts receivable Cash and Cash equivalents Total assets Equity and liabilities Equity Share capital Retained income Non-current liabilities Loan 9% Current liabilities Accounts payable Taxes SARS Shareholders for dividends Total equity and liabilities 2023 2022 2485000 2398 000 1279 000 985 300 412 000 535 000 531 300 367 700 2222 300 1888 000 4 707 300 4 286 000 2 650 000 2150 000 1248 000 745 000 3 898 000 2895000 456 000 980 000 97 800 51 000 154 000 162 000 101 500 198 000 353 300 411 000 4 707 300 4 286 000 Statement of Comprehensive Income for the year ended 30 June 2023 2023 2022 Sales 5240 000 4985 000 Cost of sales (2 354 000) (1 358 000) Gross profit 2 886 000 3627 000 Distribution, Administration and other expenses 2114 439 1767 000 Operating expenses 1943 439 1 598 500 Depreciation 171 000 168 500 Operating profit 771 561 1 860 000 Interest on loan (72 950) (158 000) Profit before tax 698 611 1702 000 Tax (195 611) (476 560) Profit after tax 503 000 1225 440