3. Financial Statements of Transcom Distributors Ltd as at 31 December 2021 were as follows: Statement of profit or loss and other comprehensive income: 2021 000 Revenue Cost of sales 16,000 Gross profit Distribution costs Operating profit/(loss) Administrative expenses Finance costs Profit/(loss) on ordinary activities before tax Tax on profit or loss on ordinary activities (320) Profit/(loss) for the period 190 (15) 175 Statement of Financial Position 2021 000 Non-current assets Intangible assets 1,669 Property, Plant and Equipment 6,623 8,292 Current assets Inventories 778 Receivables 814 Cash and cash equivalents 250 1,842 Total Assets 10,134 (12,400) (4,264) 3600 (837) (2,253) 510 2,564 3,393 Non-current liabilities Bank loan Provisions 2,084 328 262 2,412 262 Current liabilities Bank overdrafts 975 150 Trade payables 2,734 678 3,709 828 Capital and reserves Share capital Revaluation reserve 100 100 900 500 Retained earnings Total Liabilities and Equity Requirement: 3,013 2,838 4,013 3,438 10,134 4,528 Assess the profitability, liquidity and asset management of the company