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Q3. (a) CMCO Bhd has provided the following financial statements for the year ended 2019 and 2020 for the purpose of preparation of Statement of Cash Flows: CMCO Bhd Statement of Comprehensive Income for the year ended 31 December 2020 RM 7,192,000 (3,914,000) 3,278,000 Sales Less: Cost of Sales Gross Profit Less: Expenses Selling and marketing costs Administrative costs Interest expense Net profit before taxation (840,000) (1,282,000) (67,000) 1,089,000 CMCO Bhd Statement of Financial Position as at 31 December 2019/2020 2019 RM 780,000 (380,000) 491,000 (169,000 Assets Motor vehicle (cost) Accumulated depreciation - Motor vehicle Office equipment (cost) Accumulated depreciation - Office equipment Intangible assets Accumulated amortisation of intangible assets Investment Land Inventories Account receivables Bank Tax recoverable 2020 RM 780,000 (510,000) 552.000 (295,000) 1,000,000 (149,000) 310,000 2,190,000 444,000 339,000 450,000 1,993,000 235,000 444,000 16,000 110,000 3,970,000 4,661,000 Equity and liabilities Ordinary shares capital Retained profit Asset revaluation reserve Account payables Dividend payables Accrued selling and marketing expenses Bank overdraft 910,000 1,700,000 400,000 220,000 169,000 89,000 1,100,000 1,987,000 450,000 143,000 176,000 94,000 133,000 Tax payable Long term loan 482,000 3,970,000 128,000 450,000 4,661,000 The following information are related to the year ended 31 December 2020: (1) Included in the administrative expenses are the depreciation for motor vehicles and office equipment amounted to RM130,000 and RM190,000 respectively. (2) Taxation charged during the year was calculated to be RM666,000. (3) Included in the selling and marketing expenses are the amortisation expense for intangible asset and loss on sale of office equipment amounted to RM32,000. (4) The company has purchased office equipment amounted to RM250,000. (5) The company has paid the long-term loan during the year amounted to RM150,000. (6) There was no profit or loss from the sale of investment during the year. Required: Prepare the Statement of Cash Flows for the year ended 31 December 2020 using the INDIRECT METHOD. (22 marks)