A) MFRS 107 requires entities to prepare a statement of cash flows as a component of financial statements. Required: Discuss TWO (2) objectives of Cash Flow Statements. (5 marks) (CLO3:PLO7:C3) B) Given below are the Statements of Financial Position for Omicron Bhd for two years. Omicron Bhd Statement of Financial Position for the year ended 31 December 2020 (RM) 2021 (RM) Assets Land 1,100,000 1,460,000 PPE (CV) 400,000 510,000 Investments 100,000 370,000 Short term investment 180,000 220,000 Inventories 50,000 60,000 Trade Receivable 130,000 155,000 Bank 240,000 330,000 Total 2,200,000 3,105,000 Equity and liabilities Ordinary Share Capital 1,050,000 1,100,000 Preference Share Capital 450,000 700,000 Retained Earnings 400,000 550,000 Less: Treasury Share (100,000) 0 Bank Loan 0 350,000 Trade Payable 80,000 90,000 Interest Payable 0 35,000 Tax Payable 140,000 130,000 Accrued Distribution Cost 10,000 25,000 Dividend Payable 170,000 125,000 Total 2,200,000 3,105,000