QUESTION 2 Sweet Qismina Sdn. Bhd. has the following statement of profit or loss for the year ended 31 December 2019. Statement of profit or loss For the year ended 31 December 2019 RM Sales Revenue 567,410 Cost of goods sold (278,040) Gross Profit 289,370 Depreciation expense (18,840) Selling expenses (98,220) General & administrative expenses (63,040) 109,270 Finance cost (8,340) 100,930 Income tax expense (31,820) Profit for the year 69,110 The company's selected assets and liability accounts for 2018 and 2019 are presented as follows. 31 December 2019 31 December 2018 RM RM Inventory 50,060 44,000 Short term investments 17,440 4,230 Accounts receivable 53,870 50,200 Cash 33,580 54,690 Accounts payable 135,980 138,600 Income tax payable 111,890 82,870 Additional information on year 2019 transactions: 1. Purchased RM112,020 plant and equipment. 2. Acquired RM46,300 of intangible assets. 3. Declared and paid RM13,100 of cash dividends. 4. Issued shares for cash in the amount of RM60,000. 5. Repaid a long-term bank loan for RM24,000. Required: a) Prepare Statement of Cash Flow for Sweet Qismina Sdn. Bhd. using the indirect method for the year ended 31 December 2019. (12 marks) b) Write a short explanation (six lines) to the Manager assessing the cash flow position of Sweet Qismina Sdn. Bhd. for the year 2019