The following information are extracted from the financial statements of Brenda Holdings, a player in the manufacturing sector. Brenda Holdings Income Statement for the year ended 31 December 2019 and 2020 2019 2020 RM' mil RM 'mil Revenue 207 153 Cost of sales (101) (76) Gross profit 106 77 Distribution expenses (22) (20) Administrative expenses (20) Operating profit 64 29 Interest payable (4) (4) Profit before taxation 60 25 Taxation (16) (6) Profit for the year 44 19 (28) Statement of financial position as at 31 December 2020 2019 2020 RM'mil RM'mil Non-current Assets Property, plant and equipment Land and buildings Plant and machinery 110 62 172 130 56 186 Current assets Inventory Trade receivables Cash at bank 25 25 24 26 19 69 241 50 236 Total Assets Non-current liabilities Borrowings- loan note (10%) 40 40 Current liabilities Borrowings (all bank overdraft) Trade payables Taxation 37 8 45 2 34 3 39 Owners' Equities Called-up ordinary share capital Retained earnings 100 100 56 57 157 156 241 Total equities and liabilities 236 Additional information Depreciation for Land and buildings and Plant and machinery in 2017 is RM10 mil and RM12 mil respectively There were no non-current asset disposals in either year. The amount of cash paid for interest equalled the expense Dividends were paid totalling RM18 mil in each year . . in each year Required: (a) Using the Indirect Method, prepare a statement of cash flows for Brenda Holdings for the year ended 31 December 2020. Show all workings. (b) Critically evaluate the current cash flow situation of Brenda Holdings and provide practical suggestions to improve the condition. Make reference to the IAS 7 Statement of Cash Flows. (c) Suppose that the managing director of Brenda Holdings intends to incorporate financial and non-financial measures to evaluate the company's performance. Critically evaluate a performance evaluation method as though you are presenting in the Board meeting. Justify your discussion with support from literature