Additional information: 1. Frechold property was revalued upwands by Sh 20,000,000. 2. Additional land was acquired at Sh 80,000,000 3. Bonus shares of Sh40,000,000 were issued at par during the year utilising the revaluation eeserve. 4. Interest expense changed to the income statement foe the year amounted to Sh. 16,000,000. 5. Depecciation oe plant and machinery amounting to Sh 8,000000 was prowided in the income statement foe the year. a) Briefly explain the importance of a statement of cash flows to a business entemprise (4 marks) b) The chief accountant of Pych I.rd availed the following statements of financial position for the years ended 3oSeptember 2022 and 2023 6. Plant with a net book value of Sh 16,000,000 was sold at a profit of Sh 6,000,000 during the year. 7. During the year, ax amounting to Sh 12,000,000 was paid. 8. Tocal dividends foe the year amounted to Sh 10,000,000. 9. The profit after tax for the year amounted to Sh 16,000,000. Required: Statement of cash flows (in confoemiry with IAS 7- Cach flow Statements) foe the year ended 30 September 2023 ( 16 marks) (Total: 20 marks) Additional information: 1. Frechold property was revalued upwands by Sh 20,000,000. 2. Additional land was acquired at Sh 80,000,000 3. Bonus shares of Sh40,000,000 were issued at par during the year utilising the revaluation eeserve. 4. Interest expense changed to the income statement foe the year amounted to Sh. 16,000,000. 5. Depecciation oe plant and machinery amounting to Sh 8,000000 was prowided in the income statement foe the year. a) Briefly explain the importance of a statement of cash flows to a business entemprise (4 marks) b) The chief accountant of Pych I.rd availed the following statements of financial position for the years ended 3oSeptember 2022 and 2023 6. Plant with a net book value of Sh 16,000,000 was sold at a profit of Sh 6,000,000 during the year. 7. During the year, ax amounting to Sh 12,000,000 was paid. 8. Tocal dividends foe the year amounted to Sh 10,000,000. 9. The profit after tax for the year amounted to Sh 16,000,000. Required: Statement of cash flows (in confoemiry with IAS 7- Cach flow Statements) foe the year ended 30 September 2023 ( 16 marks) (Total: 20 marks)