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QUESTION FIVE [10] The following are extracts from the financial records of COF (Pty) Ltd...

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QUESTION FIVE [10] The following are extracts from the financial records of COF (Pty) Ltd for the year ended 30 June 2021: Extract from the statement of profit or loss and other comprehensive income for the year ended 30 June 2021 30 June 2021 R 920 000 Revenue from sale of goods Cost of sales 490 000 31 000 Profit on sale of non-current assets Commission come 23 000 Audit fees Depreciation Interest expense (finance cost) Income tax expense Profit for the year (after tax) 84 000 72 000 20 000 87 000 123 000 Extract from the statement of financial position as at 30 June 2021 BACHELOR OF COMMERCE YEAR 1 - ACADEMIC AND ASSESSMENT CALENDAR - DISTANCE 30 June 2021 R 30 June 2020 R Inventories Trade receivables 302 000 690 000 400 000 75 000 Trade payables Taxation payable Prepaid expenses Accrued expenses 292 000 720 000 385 000 60 000 2 000 8 000 84 000 88 000 Required: Prepare only the "Cash generated by operations" section of the statement of cash flows for the year ended 30 June 2021, using the indirect method

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