QUESTION 2 Robot-Mow Bhd is a company that sells lawn mowers. Following is the condensed financial data of Robot-Mow Bhd for 2021 and 2022. Robot-Mow Bhd Statement of Profit or Loss and Other Comprehensive Income For the year ended 31 December 2022 Sales revenue Cost of goods sold Gross profit RM 1,307,910 256,850 1,051,060 Operating expenses: Selling and administrative expense 192,300 Research and development expense 102,000 Total operating expense 294,300 Operating income 756,760 Other income (expense): 4 BKAR1013 Financial Accounting & Reporting! Gain on sale of investment Gain on fire damage 85,000 97,500 Interest expense (25,800) Income from continuing operations before tax 913,460 234,340 Income tax expense Income from continuing operation 679,120 Robot-Mow Bhd Comparative Statement of Financial Position As at 31 December 2022 2022 2021 RM RM NON-CURRENT ASSETS: Land 230,500 110,000 Building 0 620,000 (-) Accumulated depreciation 0 (10,000) Building Equipment 75,300 52,100 (-) Accumulated depreciation (12,000) (10,000) Equipment 293,800 762,100 CURRENT ASSETS: Prepaid rent 10,000 5,000 Accounts receivable 23,000 15,800 Inventory 61,000 52,000 Cash 2,017,520 954,150 2,111,520 1,026,950 TOTAL ASSETS EQUITY: 5 BKAR1013 Financial Accounting & Reporting I 2,405,320 1,789,050 Share capital 230,500 110,000 Retained earnings 1,809,320 1,240,200 2,039,820 1,350,200 NON-CURRENT LIABILITIES: Bonds payable 75,000 -0- Long term loan payable 160,000 267,000 235,000 267,000 CURRENT LIABILITIES: Accounts payable Short-term loans payable 52,500 75,800 78,000 96,050 130,500 171,850 TOTAL LIABILITIES AND EQUITY 2,405,320 1,789,050 Additional information: 1. During 2022, RM20,000 of ordinary shares were issued in exchange for land. No land were sold in 2022. 2. All transactions related to the equipment were made by cash. Equipment costing RM16,000 was sold for RM6,000 and the book value was RM8,000. 3. On January 2022, the building was completely destroyed by a fire. Insurance proceeds on the building was RM707,500. 4. Cash dividends paid amounted RM25,000. REQUIRED: Prepare the Statement of Cash Flows for Robot-Mow Bhd for the year ended 31 December 2022 using the indirect method in accordance with MFRS 107 Statement of Cash Flows.