Financial data for ATMC Ltd has been provided for the year ended 31 December: 2016 2017 Bank 16,400 19,000 Inventories 40,000 52,000 Accounts receivable (net) 16,400 15,000 Prepaid insurance 600 700 Long term investments 14,000 20,000 Equipment 84,000 90,000 Accumulated depreciation Equipment (26,000) (36,000) Accounts payable 20,000 14,000 Accrued sundry expenses 350 275 Long term loan 19,847 92,000 Issued capital 288,153 208,000 Income Statement for the year ended 31 December 2017 Income: $ $ Sales 450,000 Gross proceeds sale of Equipment 3,000 453,000 Less Expenses: Cost of Goods Sold 320,000 General expenses including depreciation 68,000 Carrying amount of motor vehicle sold 2,000 390,000 Net profit 63,000 The Equipment which was sold had originally cost $10,000. Required (a) Prepare the Cash Flow from operations section only of the Cash Flow Statement for the year ended 31 December 2017. (b) Explain why there is a difference between the Net Profit calculated and the Cash at bank account.