Amanda has been trading part-time as a tailor for many years but has never really understood the accruals concept and relies on the Cash Flow Statement provided by her accountant to understand how her business has performed each period. < " Her accountant has given her the following Cash Flow Statement and she is confused because her cash balance has gone up, but he has told her that her retained profits to date have fallen over the year. < " Amanda's Cash Flow Statement for the year ended 31 December 2021 Operating Profit Adjustments: Loss on disposal of non-current assets Change in Gross Trade Receivable Change in doubtful debt provision Cash from Operating Activities * 10,000+ 100- 1,000- 1,000 2,100 12,100+ Cash from Investing Activities Sale of Non-Current Assets 1,000- Cash from Financing Activities Interest paid (1,000) Drawings (9,500) (10,500) she has made an operating profit of 10,000 which matches the operating profit she generated the year before. She expected the same operating profits as she generated the same level of sales over the last couple of years. < Amanda is also very pleased that she has no liabilities other than a loan of 10,000 from her bank which charges her interest at 10% every year. She is not concerned about the loan as it will only be repayable in 5 years. < + She sold all her non-current assets in the year to generate some cash and rented any equipment that she needed to run her trade. She has no inventories or current assets other than trade receivables and cash. She pays for any materials and expenses, as and when needed by the business. < Required (a) (b) (c) Explain to Amanda why her retained earnings figure has fallen in the year despite the operating profit for the year of 10,000. + (2 marks) < State whether the levels of her Gross Trade Receivables figure, provision for doubtful debts and Non-Current Asset levels, have gone up or down over the year. [You just have to note whether they have gone 'up' or 'down' for each of the three items.] (3 marks) < Write an email to Amanda explaining how the movements that she can observe in the Cash Flow Statement above might be of concern, and may affect the future prospects of her business." [Your answer must relate to this scenario, and no marks will be rewarded for any general definitions or discussions about cashflow statements.]+