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CLOS A1, A2, B1, B2. C1 ts The Statement of financial position of Calvert Ltd at 31 December 2019 is as follows: Statement of financial position at 31 December 2019 2018 Non current assets E000 000 Investment at cost 50 100 tion Plant and equipment - cost 2.470 1.790 Less: accumulated depreciation 850 630 1,620 1.160 Current assets 1,670 1.260 Inventory 740 510 Receivables 1,010 640 Bank 0 330 1,750 1.480 * 80 Q DII F2 F3 F4 55 FB F6 07 Total assets 3,420 2,740 Equity Equity 1 shares 500 400 Share premium 140 100 Revaluation reserve 300 300 Retained earnings 730 800 Current liabilities 1,670 1,600 530 Trade payables 660 0 110 Corporation tax 190 0 Bank overdraft 850 640 Non current liabilities 900 500 Long term loan 1.750 1,140 Total liabilities 3,420 2,740 Total equity and liabilities Thatalloutinadiataumatistiaailahlari The following information is available: 1. Loss before taxation: 50,000. 2. Plant and equipment with an original cost of 120,000 and accumulated depreciation of 80,000 was sold in February 2019 for 30,000. 3. Interest paid in the year totalled 70,000. iv. No dividends were paid. 4. There is no tax liability for the year to 31 December 2019. The tax liability for the year to 31 December 2018 was underestimated by 20,000. Required: (a) Prepare a statement of cash flow for Calvert Ltd for the year to 31 December 2019.(11 marks) (b) Illustrate why the Statement of Cash Flow is important for potential investors in their decision making process. (4 marks) (Total 15 marks)