Encik Danial and his wife, Puan Afiyyah are preparing their financial plan for year 2023. Bank Negara Malaysia is forecasting that inflation rate will remain high for the next year. Both are worried that the cost of living will increase. Encik Danial is the sole breadwinner, and they have three children. Because of this situation, Puan Afiyyah is planning to start her online business to help lessen Encik Danial 's financial burden. Below are their financial commitments with reaards to deht. Other financial information for the year ending 31 December 2022 is qiven below: a) Using the above information, construct a balance sheet as at 31 December 2022 for Encik Danial and family. (10 marks) b) Using the information provided, construct a cash flow statement for a financial year ended 31 December 2022. (10 marks) c) Compute the following ratio and briefly comment on Encik Danial and family's financial situation i) Liquid asset to take home pay ratio ii) Debt service coverage ratio (5 marks) ) Give five (5) recommendations to Encik Danial on ways to improve his financial situation. Encik Danial and his wife, Puan Afiyyah are preparing their financial plan for year 2023. Bank Negara Malaysia is forecasting that inflation rate will remain high for the next year. Both are worried that the cost of living will increase. Encik Danial is the sole breadwinner, and they have three children. Because of this situation, Puan Afiyyah is planning to start her online business to help lessen Encik Danial 's financial burden. Below are their financial commitments with reaards to deht. Other financial information for the year ending 31 December 2022 is qiven below: a) Using the above information, construct a balance sheet as at 31 December 2022 for Encik Danial and family. (10 marks) b) Using the information provided, construct a cash flow statement for a financial year ended 31 December 2022. (10 marks) c) Compute the following ratio and briefly comment on Encik Danial and family's financial situation i) Liquid asset to take home pay ratio ii) Debt service coverage ratio (5 marks) ) Give five (5) recommendations to Encik Danial on ways to improve his financial situation