QUESTION THREE (20 Marks) a. Explain the importance of cash flow statement b. Prepared the statement of cash flows for the year ended December 31 2019 for God is Good Ltd. under the headings of operating activities, investing activities and financing activities. Below are the information from the books of accounts, Cash generated from operations Interest paid Issue of ordinary shares Interest received Issue of non-current borrowings Dividend received Purchase of property, plant and equipment Dividend paid Tax paid GHC 10,000 3,000 3,100 200 2,500 300 1,200 500 5,000 Repayment of non-current borrowings Proceeds from sales of property, plant and equipment Cash and cash equivalents brought forward 1,000 100 32,000