REQUIRED Study the information provided below and prepare the Cash Flow Statement for the year ended 31 December 2022. INFORMATION The following information was extracted from the records of Zenith Limited: STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER: 2022 (R) Sales Cost of sales Gross profit Operating expenses Depreciation Other operating expenses Operating profit Interest on mortgage loan Profit before Company tax Profit after tax STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: ASSETS Non-current assets Property, plant and equipment Current assets Inventories (all Trading inventory) Trade and other receivables Cash and cash equivalents EQUITY AND LIABILITIES Equity Ordinary share capital Retained income Non-current liabilities (Mortgage loan, 12%) Current liabilities Trade and other payables Company tax payable Dividends payable 3 712 000 (2 560 000) 1 152 000 (582 400) 60 000 522 400 569 600 (48 000) 521 600 (180 480) 341 120 All purchases of trading inventory are on credit. Trade and other payables comprise accounts payable only. 2022 (R) 4 928 320 4 928 320 712 000 240 000 80 000 392 000 5 640 320 4 875 120 4 360 000 515 120 400 000 365 200 196 000 17 200 152 000 5 640 320 2021 (R) 2 400 000 (1 500 000) 900 000 (424 000) 52 000 372 000 476 000 (144 000) 332 000 (116 200) 215 800 2021 (R) 4 888 000 4 888 000 672 000 500 000 128 000 44 000 5 560 000 3 960 000 3 520 000 440 000 1 200 000 400 000 276 000 12 000 112 000 5 560 000 Additional information 320 000 shares were in issue at the end of 2021. 60 000 new shares were issued on the first day of the 2022 financial year. Interim and final dividends for the year ended 31 December 2022 amounted to R266 000. Vehicles were sold at carrying (book) value during the year for R288 000. Equipment was purchased at the end of the financial year.