The following comparative balance sheet and other information relate to Ruben Bhd. Ruben Bhd Comparative Balance Sheets December 31, 2016 and 2017 Assets Cash Accounts receivable (net) Inventory Prepaid expenses Equipment (net) Investments and other assets Total assets 2016 RM 140 210 350 105 3,010 4,900 8.715 2017 RM 140 280 420 70 2,800 4,200 7.910 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Long-term note payable Common stock Retained earnings Total liabilities and stockholders' equity 350 70 2,100 1,400 4,795 8.715 280 140 1,400 1,400 4,690 7.910 Additional information: Depreciation expense Cash dividends declared and paid RM 280 RM 70 Required: (i) Compute net income, assuming net income and the cash dividends were the only items affecting retained earnings. Show your work. (3 marks) Compute net cash flows from operating activities using the indirect method. (10 marks) (Total: 25 marks) 5/7