The Statement of Profit or Loss and additional data of Supermommy Bhd. for the year ended 31 December 2017 is as follows: Statement of Profit or Loss for the Year Ended 31 December 2017 Sales Revenue Cost of Goods Sold Gross Profit Dividend Revenue Gain on Disposal of Non-current Assets Salaries Expense Depreciation Expense Bad Debt Expense Advertising Expense Interest Expense Income Tax Expense PROFIT FOR THE YEAR RM450,000 (150,000) 300,000 10,500 6,000 (80,000) (30,000) (3,000) (13,000) (1,500) (19,500) 169,500 Other relevant data gathered by the accountant is as follows: 1. Purchased of furniture and equipment during the year totalled RM183,000. Of this amount, RM154,500 was paid in cash and RM28,500 note payable was signed for the remainder. Proceeds from issuance of ordinary share capital totalled RM51,000. 3. A piece of land that cost RM36,000 was sold for cash RM42,000. A gain of RM6,000 was recognized on the sale. Payment of long term note payable was RM25,500. 5. Payment of dividends was RM16,500. 6. Data from the comparative Statement of Financial Position follow: 31st December Cash Accounts Receivable Inventory Accounts Payable Other Payables 2017 RM133,500 51,000 67,500 16,500 49,500 2016 RM36,000 42,000 93,000 39,000 39,000 Required: (a) Prepare the statement of cash flows for the year ended 31 December 2017, using the indirect method. (12 marks) (b) Explain three importance of preparing statement of cash flows for the users of financial information. (3 marks) [Total : 15 marks