QUESTION 4 a) The following data are taken from Putrajaya Bhd. For the years 2018 and 2019: Statement of Financial Position 2018 2019 RM RM Accounts receivable 126,000 108,000 Inventories 75,000 84,000 Account payable 105,000 93,000 Salaries payable 3,000 6,000 Equipment 120,000 180,000 Accumulated depreciation 48,000 36,000 Bonds payable 300,000 150,000 Common stock 300,000 450,000 Retained earnings 60,000 114,000 Statement of Income 2019 (RM) Net sales 1,260,000 Cost of goods sold 900,000 Operating expenses (excluding depreciation expense) 252,000 Net income 90,000 Gain on sale of equipment (included in the net income above) 6,000 Required: Prepared the operating cash flow for the company for the year 2019 using indirect method (13 marks) b) Is it possible to have a positive net income and negative cash flow from operations? If your answer is no, explain fully. If your answer is yes, provide two examples when one might find this. (7 marks) c) Base on the following table, list down three (3) factors affecting each of the income statement's items. Income statement's items Factors Sales Admin, selling and general expenses Depreciation Interest Income Tax