Given below are the Consolidated Statements of Financial Position and the Consolidated Statement of Profit or Loss for Ah Meng Bhd: 2020 RM 2019 RM Property, plant and equipment Investment in associate Inventory Bank balance 710,000 600,000 160,000 150,000 290,000 240,000 50,000 30,000 1,210,000 1,020,000 Ordinary share capital Retained profits Non-controlling interest Trade payable 500,000 500,000 426,000 280,000 926,000 780,000 194,000 180,000 90,000 60,000 1,210,000 1,020,000 2020 RM Net Profit Share of profit of associate company Profit before tax Taxation - Group Profit after tax 262,000 34.000 296,000 (80,000 216,000 Profit after tax attributable to: Equity holders of Ah Meng Bhd Non-controlling interest 196,000 20,000 216,000 Dividend paid by Ah Meng Bhd 50.000 Additional information: 1. The tax charge for the year and the dividend declared have all been paid. 2. Group depreciation was RM64,000 and a non-current asset with carrying amount of RM31,000 was disposed of for a cash consideration of RM90,000 during the year. 3. The holding company's interests in the subsidiary and associate remain unchanged. Required: (a) Critically evaluate the need of preparing a statement of cash flow. (5 marks) (b) Construct the Consolidated Statement of Cash Flows for the year ended 31 December 2020 by using indirect method. (20 marks)