PLz SOLVE THE COMPLETE QUESTION AS SOON AS POSSIBLE IN PROPER FORMAT

B. Scenario 2 Syed plc imports high quality Arabian furniture which it sells to wholesalers in the UK. The following financial statements relate to the year ended October 31, 2022 . \begin{tabular}{ll} \hline Revenue & 2022 \\ Cost of sales & 1000 \\ Gross Profit & 100,000 \\ Operating expenses & (78,000) \\ Operating profit & 22,000 \\ Interest expense & (20,000) \\ Profit before tax & 2,000 \\ Tax expense & 800(1,200) \\ Profit for the year & (200) \\ & 600 \\ \hline \end{tabular} \begin{tabular}{lll} Syed plc statement of financial position as at 31 & & \\ October & 2022 & 2021 \\ & 000 & 000 \\ \hline Non-current assets & 23,000 & 22,000 \end{tabular} Current assets Inventory Trade receivables Cash Total assets \begin{tabular}{ll} 7,600 & 6,000 \\ 15,400 & 12,000 \\ 1400 & 2,000 \\ \hline 24,400 & 20,000 \\ \hline 47,400 & 42,000 \\ \hline \end{tabular} (QUESTION CONTINUES ON NEXT PAGE) Additional Notes 1. During the year non-current assets costing 3.2m were purchased. 2. During the year, total dividends of 1,000,000 were paid for the years 2021 and 2022. 3. Depreciation is charged annually using the straight-line method. 4. No assets were disposed of during the year. Required: Additional Notes 1. During the year non-current assets costing E3.2m were purchased. 2. During the year, total dividends of 1,000,000 were paid for the years 2021 and 2022. 3. Depreciation is charged annually using the straight-line method. 4. No assets were disposed of during the year. Required: a. Using the indirect method, calculate the total cash generated from operations for the year ended 31 October 2022 (no credit will be given if you prepare the other parts of the statement of cash flows). ( 8 marks) b. Briefly discuss how an annual statement of cash flows will enable Syed plc to (4 marks) forecast, plan and make decisions. Total: 20 marks