Broadfields Sdn. Bhd., a private company, closes its accounts on December 31 every year. The company reported the following Statement of Financial Position at, December 31, 2019: 2019 2018 RM RM Equipment 572,800 450,000 Accumulated depreciation - equipment (142,000) (176,000) Long-term investments - 70,000 Inventories 108,500 100,000 Accounts receivable, net 37,000 48,000 Cash and cash equivalent _53,400 _50,000 Total assets 629,700 542,000 Ordinary share capital 405,000 340,000 Retained earnings 162,200 58,200 567,200 398,200 Bonds payable, due 2024 - 100,000 Accounts payable _62,500 _43,800 Total liabilities + Total equity 629,700 542,000 The Statement of Profit or Loss for 2019 is as follows: 2019 RM Sales revenue 625,700 Cost of sales (340,000) Gross profit 285,700 Other income: Gain on sale of investment 4,000 Other expense: Loss on sale of equipment (800) Depreciation expense (26,000) Other operating expense (68,000) 194,900 Finance costs _(6,000) 188,900 Income tax expense (60,700) Profit for the year _128,200 Additional information for the current year 2019 were as follows: a. A piece of equipment having a book value of RM1,200 was sold for RM400. A new equipment was purchased for RM183,200. b. Bonds payable for RM100,000 were redeemed at the face amount. c. 5,000 ordinary shares were issued at RM13 per share for cash. d. Cash dividends declared and paid, RM25,000.

Required: Prepare: 1. Statement of Cash Flows for Broadfields Sdn. Bhd. for the year ended December 31, 2019 using the indirect method. (16 marks) 2. Evaluate on the cash position (3 points) of Broadfields Sdn. Bhd for the year 2019.