Q2. (a) The following information is extracted from Walnut Sdn Bhd's comparative Statement of Financial Position as at 31 December. 2019 2018 RM RM Assets Cash & bank 3,129,000 2,930,000 Accounts receivable (net) 1,139,000 1,045,000 Inventory 3,208,000 3,086,000 Investments Nil 1,200,000 Land 1,640,000 Nil Equipment 3,525,000 2,765,000 Accumulated depreciation-equipment (832,000) (740,000) 11,809,000 10,286,000 Equity and Liabilities Ordinary shares 3,040,000 1,880,000 Retained earnings 6,297,000 6,022,000 Accounts payable 2,142,000 2,025,000 Accrued expenses 210,000 263,000 Dividends payable 120,000 96,000 11,809,000 10,286,000 The statement of prot or loss for the year ended 31 December 2019 is as follows: RM Sales 19,505,000 Less Cost of goods sold (12,005,000) Gross prot 7,500,000 Less Operating expenses Depreciation expenses 92,000 Other operating expenses 6,352,000 (6,444,000) 1,056,000 Other income: Gain on sale of investments 200,000 Net prot before tax 1,256,000 Tax expense (320,000) Net prot after tax 936,000 Additional information: ' The investments were sold for RM1,400,000. ' Land and equipment were purchased in cash. =r ' There were no disposals of equipment during the year. ' The ordinary shares were issued for cash. ' There was a RM480,000 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash ows for the year ended 31 December 2019 using the indirect method. (20 marks)