Italia Enterprise closes its accounts on 31 July each year. The owner has provided the information below for bad debts and allowance for doubtful debts recording purposes at the end of each accounting period: Trade receivables (RM) Bad debts to be written off (%) Allowance for doubtful debts (%) 2020 294,400 10 5 2021 384,000 10 4 The allowance for doubtful debts was recorded at RM15,400 as at 31 July 2019. (b) Explain TWO (2) purposes of Statement of Cash Flows. (2 marks) (c) Why cash flow statements are sometimes considered more useful than profit statements? Give FOUR (4) reasons and explain briefly. (4 marks)