REQUIRED Study the Statement of Cash Flows provided below and answer the following questions: 1.1 Calculate the depreciation for the year ended 31 December 2022. ( 2 marks) 1.2 Calculate the cash balance as at 31 December 2022 if there was a bank overdraft of R24 000 on 31 December 2021. State whether the balance is favourable or unfavourable. ( 2 marks) 1.3 Based on the cash flow information, how does the company appear to be performing? Explain by referring to FIVE (5) items on the statement. (10 marks) 1.4 The longterm loan was increased on 01 July 2022. Was it prudent for the company to have taken the loan? Explain. ( 2 marks) 1.5 Suggest FOUR (4) ways in which the company can improve its liquidity. (4 marks)