Q1. Redeemed Plc has the following financial statements for the year ended 31st May 2022. 2021 2022 M M Assets 38 750 175 000 Cash and cash equivalents Accounts receivable Inventories 432 500 660 000- 853 750 540 000 Current assets 1 147 500 1 391 250 Net fixed assets Total 2.538 750 Liabilities and Equity Accounts payable 783 750 516 250 Accruals 392 500 282 500 Bank borrowings 293 750 125 000 Current liabilities 1 470 000 923 750 Ordinary shares 125 000 125 000 1 705 000 Retained earnings Total 1 490 000 2 538 750 3 300 000 Note: Depreciation was M236 250 for 2022 and no dividends were paid. Required: (a). Prepare a source and use of funds statement on a cash basis (b). Prepare the statement of cash flow using indirect method. 1 552 500 1 747 500 3 300 000 (1@marks). (24marks)