Question 2: (5 marks) Khaled and Salama Al Mheiri founded the Middle East Computer Tech Company back in 2015. Today, as a profitable and successful business, the company manufactures a wide variety of high-quality laptops and desktops. In 2020, the firm's operating profit was $18 million. This is when the applicable corporate taxation rate was 25%. Further information about the company's financial performance and position can be obtained from its income statement and balance sheet (in alphabetical order) extracts for years 2019 and 2020 (all amounts are in millions of dollars) below: 2020 100 (60) 40 (15) Income Statement: Sales Less: Cost of goods sold Gross profit Less: Selling and general expenses EBITDA Less: Depreciation & Amortization EBIT Less: Interest expense EBT 25 2 ? (10) 8 Less: Taxes 2 Net income 2020 2019 $ 25 Balance Sheet: Accounts payable Accounts receivable Accruals Cash 20 S 35 S u 30 $ 10 S 6 $ 9 $ 15 Common stock $ $ 27 $ 27 $ 55 S 185 SO $ $ 175 $ (27) s Inventory Gross Fixed Assets Less: Depreciation Long-term debt Net Fixed Assets Notes payable Retained earings (20) 95 $ 100 $ S $ 158 5 155 S 20 S 22. S 80 $ 75 a Fill in the blanks in the company's Income Statement for Year 2020 above. Show all workings, formulas and calculations in the space provided below. b. Prepare the company's Statement of Cash Flow for Year 2020. Show all workings, formulas and calculations