REQUIRED Study the information provided below and prepare the Cash Flow Statement of Topaz Limited for the year ended 31 December 2022.

INFORMATION

Additional information

Property, plant and equipment were purchased during the year but there were no disposals. Total dividends for the year ended 31 December 2022 amounted to R810 000. 750 000 ordinary shares were issued by the company. All purchases and sales of inventories were on credit. The market price of each Topaz Limited share was R10 on 31 December 2022.

\begin{tabular}{|l|r|} \hline TOPAZ LIMITED \\ \hline STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2022 \\ \hline & \multicolumn{2}{|c|}{} \\ \hline Sales & R \\ \hline Cost of sales & 9300000 \\ \hline Gross profit & (4530000) \\ \hline Selling and administrative expenses & 4770000 \\ \hline Operating profit & (1890000) \\ \hline Interest expense & 2880000 \\ \hline Profit before tax & (180000) \\ \hline Tax & 2700000 \\ \hline Profit after tax & (720000) \\ \hline \end{tabular} Additional information Selling and administrative expenses include the following: \begin{tabular}{|l|r|} \hline Depreciation on buildings & R270000 \\ \hline Depreciation on plant and machinery & R450000 \\ \hline \end{tabular}