PEA006 ESSENTIALS OF FINANCIAL ACCOUNTING LILNE PART B A comparative statement of financial position for LinLin Bhd appears below: LinLin Bhd Comparative Statement of Financial Position 31/12/2019 31/12/2018 Assets Cash RM 23,000 RM 10,000 Accounts receivable 18,000 14,000 Inventory 27,000 18,000 Prepaid expenses 6,000 9,000 Long-term investments 18,000 Equipment 60,000 32,000 Accumulated depreciation - equipment (18.000) (14.000) Total assets RM 116,000 RM 87.000 Liabilities and Shareholders' Equity Accounts payable RM 17,000 RM 7,000 Bonds payable 37,000 47.000 Ordinary shares 40,000 23,000 Retained earnings 22,000 10,000 Total liabilities and shareholders' equity RM 116,000 RM 87.000 Additional information: 1. Net income for the year ending 31 December 2019 was RM 24,000. 2. Cash dividends of RM 12,000 were paid during the year. 3. Long-term investments that had a cost of RM 18,000 were sold for RM 16,000. 4. Sales for 2019 were RM 120,000. Required: Prepare the Statement of Cash Flows for the year ended 31 December 2019, using the indirect method (10 marks) (Total 25 marks)