ternational Pathways 2 kaplanpathways SECTION C There is one question in this section. The question is worth 9 marks n 1 Boxing Gym Ltd's is in the process of preparing a statement of cash flows for his business for the 31 Dec 2021. He establishes the following facts in connection with that financial year: 000 570 64 27 Operating Activities Net profit for the year Depreciation expense Profit on disposal of non-current assets Decrease in inventory Allowance for Doubtful Debt Increase in accounts receivable Decrease in accounts payable Increase in prepaid rent 26378983 36 30 66 39 14 Net Cash from Operating Activities d: e Sammy Boxing Gym Ltd's net cash amount generated from operating activities according to the stat flows above. SECTION D There are TWO questions in this section. Each question is worth 20 marks Answer ALL questions. -n 1 ncial statements below have been presented by the CFO of Elixir Healthcare Ltd for the accounting yea on the 31st of December 2020 and the 31st of December 2021. Income Statement for the year ended 31st December 2020/2021 (in 000): 2020 85,000 2021 70,000 Sales revenue Cost of Sales: Opening inventory Purchases Closing inventory 17,500 11,500 -5,500 23,500 61,500 10,250 16,000 9,500 -2,500 23,000 47,000 9,800 51,250 37,200 Gross Profit Operating expense EBIT (Operating Profit) Interest expense Profit before Taxation 4,500 3,500 46,750 33,700 ternational Pathways 3 kaplanpathways Taxation Profit for the Year 9,250 37,500 3,560 30,140