QUESTION TWO $(25$ MARKS$)$

Ise the following information to prepare only the Operating Activities section of the statement of cash flow using indirect method.

Statement of financial position as at $31$ December

$\backslash$table$[[,2015,2014],[,$R$,$R$],[$ASSETS$],[$Land and buildings,$150000,150000],[$Vehicles at carrying amount,$90000,100000],[$Investments at cost price,$28000,28000],[$Current assets,$132000,123000],[$Inventory$,69000,80000],[$Debtors$,30000,35000],[$Cash and cash equivalents,$33000,8000],[$TOTAL ASSETS,$400000,401000],[$EQUITY AND LIABILITIES$],[],[$Capital and reserves$],[$Ordinary share capital $($RI shares$),300000,300000],[$Retained earnings,$19600,25000],[$Shareholders$\text{'}$ equity,$319600,325000],[$Non$-$current liability$],[$Loan $(15\%),50000,50000],[$Current liabilities$],[$Creditors$,20000,26000],[$SARS $-$ Income tax payable,$23000,5000],[$Shareholders for dividends,$8000,3000],[$TOTAL EQUITY AND LIABILITIES,$400000,401000]]$

Statement of comprehensive income for the year ended $31$ December $2015$

$\backslash$table$[[,2015],[,$R$],[$Sales $($all on credit$),500000],[$Less: Cost of sales,$(241000)$