Prepare the Statement of Cash Flow for the year ended 31 December 2021 for Viral Bhd using the DIRECT METHOD and in compliance with MFRS 107.

PART A: PREPARATION OF CASH FLOW STATEMENT The following are the financial statements of Viral Bhd: Viral Bhd Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2021 RM Turnover 1,164,160 Cost of Sales (853,000) Gross Profits 311,160 Gain on disposal of motor vehicles 15,580 Administrative expenses (145,380) Selling and distribution expenses (28,000) Investment income 45,800 Interest expenses (23,000) Profit before tax 176,160 Tax charge for the year (44,040) Profit for the year 132,120 Viral Bhd Statement of Financial Position as at 31 December ... 2020 2021 RM RM Non-Current Assets Property plant and equipment (note 1) 323,000 320,220 Investments 1,340,000 804,000 Current Assets Inventories Account receivables Bank Short term fixed deposit 66,000 123,800 102,700 77,000 2,032,500 78,700 144,050 333,340 571,280 2,251,590 Equity and Liabilities Ordinary Share Capital Retained Earnings 1,650,000 172,200 1,900,000 228,570 Non-Current Liabilities 10% Bank Loan 90,000 45,000 Current Liabilities Account payables Tax payables Dividend payables Accrued expenses 78,450 10,200 13,000 18,650 2,032,500 36,370 11,000 27,000 3,650 2,251,590 Note to the accounts: 1. Property, plant and equipment Motor Vehicles (cost) Accumulated depreciation Furnitures (cost) Accumulated depreciation Carrying value 2020 RM 340,000 (136,000) 170,000 (51,000) 323,000 2021 RM 249,300 (116,340) 250,800 (63,540) 320,220 Additional Information: 1. 2. Included in administrative expenses are depreciation charged for property, plant and equipment Viral Bhd disposed an old motor vehicle with a carrying amount of RM54,420 for cash. There was no purchase of motor vehicles during the year. The company also acquired a new furniture costing RM80,800 for cash during the year. 3. 4. Last year dividend payable was paid together with the current year interim dividend of RM48,750. The increase in the ordinary shares was due to the issue of new shares to the public during the year. Part of the investment was sold during the year and no purchase of investment was made. The short-term fixed deposit qualified as cash equivalent. 5. . 6