Kirk contracting company was established in the beginning of 2022 by issuing 34 million of 1 company shares. During the year, plants, furniture and cars were purchased for 8.4 million. An office building worth 29.5 million was purchased by taking a loan (to be paid back in equal annual instalments within the next 15 years). During the year 2022 twelve contracts which are long term (over one year) were won. The following are the companys performance on these projects up p to the end of year 2022. Total for all contracts million Value 53.9 Cost 41.5 Certified by client 47.6 Cash received 42.3 Cash paid 38.4 Assuming: 10% interest rate is applied for the loan Buildings are to be depreciated over 50 years and plants, furniture and cars over 20 years. Overheads are 2,700,000 Utilities costs are 630,000 Corporation tax is 21% of profit after interest to be paid in 2023 2% dividends to be given in 2023 Utilities costs and overheads were paid during the year You may ignore any interest to be earned/paid on cash or overdraft. a) Prepare the profit and loss account and balance sheet at the end of year 2022 Calculate the cash position at the end of year 2022. Comment if the cash amount is appropriate with the companys financial strategy. b) Using investment ratio analysis, give advice on the companys investment potential considering the current market condition.