Question 5 Set out below are the financial statements of Signal Sdn Bhd. You are the financial controller, faced with the task of implementing MERS 107 Statement of Cash Flows. Signal Sdn Bhd Statement of Comprehensive Income for The Year Ended 31 December 2020 RM000 Revenue 9,800 Cost of sales (6,780) Gross profit 3,020 Distribution costs (300) Administrative expenses (230) Interest received 550 Finance costs (185) Profit before taxation 2,855 Taxation (555) Profit for the period 2,300 Other comprehensive income: Surplus on revaluation of property 300 Total comprehensive income for the period 2,600 2019 RM'000 Signal Sdn Bhd Statement of Financial Position As At 31 December 2020 RM'000 Assets Non-current assets Property, plant and equipment 1,120 Intangible assets 475 Investments 90 600 425 75 Current assets Inventories Receivables Short-term investments Cash balances Total assets 450 390 120 420 3,065 480 415 150 500 2,645 Equity and liabilities Equity Share capital Revaluation reserve Retained earnings 800 400 738 700 100 816 Non-current liabilities Loan 700 600 Current liabilities Trade payables Taxation Total equity and liabilities 307 120 3,065 319 110 2,645 The following information is available: (i) Fixtures and fittings, with an original cost of RM250,000 and a carrying amount of RM140,000, were sold for RM180,000 during the year. (ii) The following information relates to property, plant and equipment: Cost Accumulated depreciation Carrying amount 31.12.2020 RM'000 1,680 (560) 1,120 31.12.2019 RM'000 1,090 (490) 600 (iii) 100,000 ordinary shares were issued during the year. (iv) Signal Sdn Bhd classifies interest paid as an operating cash flow, dividends paid as a financing cash flow and interest and dividends received as investing cash flows. Required: Prepare a statement of cash flows for the year ended 31 December 2020 in accordance with the requirements of MFRS 107, Statement of Cash Flows, using the indirect method. (Show all relevant workings) [40 marks]