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QUESTION THREE [30] The following extracts of the financial statements of Rockgrip Industries were presented...

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QUESTION THREE [30] The following extracts of the financial statements of Rockgrip Industries were presented to you: Statement of Comprehensive Income (Income statement) for the year ended 30 June: Statement of Financial Position (Balance sheet) as at 30 June: Adaitional intormation: 1. All sales and purchases are made on credit. 2. Depreciation included in operating expenses for the year ending 30 June 2020 : Office machinery R200 000 and Motor vehicles R240 000. No asset was sold during this period. 3. Inventories for the year ending 30 June 2018 amounted to R460 000. 4. Dividend declared for the year ended 30 June 2020 amounted to R360000. 5. The ordinary shares have a par value of R1. Required: Prepare the Cash flow statement of Rockgrip Industries for the year ending 30 June 2020 using the indirect method

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