Question 3 (answer all parts of the question) Green & Lock Plc. Statement of profit or loss, and other comprehensive income as at year end December 31, 2021. Revenue Cost of sales Gross Profit Los on disposal Other operating expenses Depreciation Operating profit 000 34,500 -22.355 12.145 - 820 -4610 230 5725 515 Finance cost Profit before tax 5,210 Income tax expense 1722 Profit after tax 3,488 Statement of financial position for Green & Lock Pic. as at June 30, 2021 2021 2020 '000 '000 34,670 24,776 Assets Non-current assets Current assets Inventories 3,240 1,600 Trade receivables 1,400 1,600 Bank 1,220 1,560 Total assets 40,530 29.536 EQUITY AND LIABILITIES Equity: Share capital 17,730 11,506 Retained earnings 8,500 7,355 Total equity 26.230 18.861 Non-current liabilities Bank loan 5.600 3.400 Current liabilities Trade payable 3,100 4,560 2,100 1,815 Bank overdraft 3,500 Total equity and liabilities 40,530 900 29,536 Notes: 1. Property, plant and equipment with a carrying amount of 3.4m was sold during the year. 2. The total depreciation charge for the year is 990,000. 3. All additions to non-current assets were purchased in cash 4. All purchases and sales are on credit (ie. accrual basis). 5. Dividends totalling 2.343m were declared before the balance sheet date. Required: Prepare the statement of cash flows for Green & Lock Plc using the indirect method for the year ended December 31, 2021 (70 marks) i. Comment on the information conveyed from the cash flow statement, its importance to users of financial accounting information and implications to forecasting, planning and decision making (Maximum six valid points and 250 words. Each point will be awarded 5 marks) (30 marks) Total 100 marks