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Extract of Statement Income for the year ended 30 June 2022 Additional information: 1. Furniture and fittings with a cost price of R1 250000 and accumulated depreciation at the beginning of the year of R525 000 was sold on 30 November 2021 for R ? 2. On 1 December 2021 new furniture and fittings were bought cash to replace the furniture and fittings sold on 30 November 2021. 3. Depreciation on Furniture and fittings to be calculated at 15% per annum on cost. 4. Depreciation for the year has not been included in operating expenses. 5. The total interest expense for the year amounts to 1250000 . 6. Inventory is recorded at cost. 7. On 30 June 2022 dividend distribution of R900 000 must still be provided for by Mike Fretos Traders and it was calculated that the actual normal income tax in respect of the financial year amounted to R2 400000. 8. Profit for the year before tax R7 157 670. 9. Accrued water and electricity for June 2022 amounts to R18 580. 10. All members' contributions were made in cash. REQUIRED: - Prepare the cash flow statement and supporting note of Mike Fretos Traders for the year ended 30 June 2022 . Extract of Statement Income for the year ended 30 June 2022 Additional information: 1. Furniture and fittings with a cost price of R1 250000 and accumulated depreciation at the beginning of the year of R525 000 was sold on 30 November 2021 for R ? 2. On 1 December 2021 new furniture and fittings were bought cash to replace the furniture and fittings sold on 30 November 2021. 3. Depreciation on Furniture and fittings to be calculated at 15% per annum on cost. 4. Depreciation for the year has not been included in operating expenses. 5. The total interest expense for the year amounts to 1250000 . 6. Inventory is recorded at cost. 7. On 30 June 2022 dividend distribution of R900 000 must still be provided for by Mike Fretos Traders and it was calculated that the actual normal income tax in respect of the financial year amounted to R2 400000. 8. Profit for the year before tax R7 157 670. 9. Accrued water and electricity for June 2022 amounts to R18 580. 10. All members' contributions were made in cash. REQUIRED: - Prepare the cash flow statement and supporting note of Mike Fretos Traders for the year ended 30 June 2022

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