Mawar Sdn. Bhd. presented the following balances in the company's statement of financial position for 2017 and 2016. December 31, 2017 December 31, 2016 RM RM Equipment 105.450 76,500 Accumulated depreciation equipment (48,300) (30,600) Inventory 175.350 139.875 Accounts receivable 19.425 23.250 Cash 53.925 31,800 Ordinary share capital, no par value 207,000 165.000 Retained earnings 55.875 33.450 Accounts payable 38,475 35,625 Mawar Sdn. Bhd. presented the following statement of profit or loss for the year ended December 31, 2017. RM Sales revenue 358,535 Cost of goods sold (107,560) Gross profit 250,975 Operating expenses (including depreciation, RM17.700) (117,700) Profit before tax 133,275 Tax expense (47.100) Profit for the year 86.175 Additional information in the current year 2017. 1. Dividends paid were RM66,000 cash. 2. Issued 3,000 shares for RM14 per share. 3. New machinery was purchased for cash, RM28.950 during 2017 Required: Prepare a statement of cash flows for Mawar Sdn. Bhd. for the year ended 31 December 2017, using the indirect method. Suppose you are the financial analyst of Merdeka Berhad, a company that sells frozen food, which has suffered reduction in sales and profit in the recent financial year. You have been called by the board of directors of the company to analyse and explain the company's financial performance. Condensed statement of comprehensive income and statement of financial position for the company appear as follows