5. The Balance sheet reveals the firm's assets, liabilities and owners' equity (net worth). But the cash position of the company also forms a very prominent position in order to know the liquidity of the company. The balance sheet items in OMR) are taken from Irwin Ltd. for the years 2018 and 2019 respectively: 2018 2019 Asset Equipment, buildings and Land 104,062 8 4.282 Current Assets Stack on 31 December 30.472 1 5.059 Bills Receivables 13.260 16,505 Cash at Bank Muscal 23.670 10.348 Prepaid expenses 13.260 1 6 SOS Total Assets 184,725 142,698 Equity and liabilities Capital and Reserves Ordinary Share Capital 72,800 52.000 General reserves 10.4001 7.280 Share Premium 11.4401 7 280 Retained Earnings 26,728 17.9301 121.3681 84.4901 Non Current Liabilities 13% Mortgage Bonds 5,460 1 0,920 Current Liabilities Bills Payable 18,616 1 5,517 Proposed Dividend 10.920 10920 7.800 Taxation 28.3611 23.972 57,897 47.289 Total Equity and Liabilities 184,725 1 42,698 Additional Information Interest paid on mortgage bonds were RO2028 during the year Depreciation charged on non-current Assets were RO7738 Equipment whose book value was RO12043 was sold for a loss of RO1456 during the year 1. From the above Balance sheet items, you are required to calculate: a) Profit before Interest and Tax and prepare b) Cash flow statement for the year 2019 (6 marks) 2. In Cash flow statement, certain items are added and certain items are deducted. From the Cash flow statement, you have prepared, comment on the reasons for adding or deducting those items.(4 marks) 6 Page