The Statement of Financial Position of Wakon, a private company, at 31 December were as follows: 2020 2021 RM000 RM000 RM000 RM000 Assets Non-current Assets 1,000 1,600 Current Assets Inventories 180 150 Receivables 120 100 Bank 70 40 370 290 Total Assets 1,370 1,890 Equity and Liabilities Capital and reserves Ordinary shares 700 900 Share premium 200 - General Reserves - 40 Retained Earnings 140 380 Total Equity and Reserves 1,040 1,320 Non-current liabilities 10% Debentures 200 400 Current Liabilities Payables 90 80 Dividends payable 40 90 130 170 Total Equity and Liabilities 1,370 1,890 During the year ended 31 December 2021, fixed assets costing RM 800,000 were purchased and assets with a net book value of RM 95,000 were sold for RM 80,000. It can be assumed that any financing transactions took place on 1 January 2021. An interim dividend amounting to RM 45,000 was paid in 2021. Proposed dividend were proposed before 31 December each year. Required a) Calculate the profit from operations for the year ended 31 December 2021. (7 marks) b) Prepare a statement reconciling profit operations to cash generated by operations. (7 marks) c) Prepare the Statement of Cash Flow of Wokan for the year ended 31 December 2021 in accordance with IAS 7.