Trace Pte Ltd's Statement of Profit or Loss for the year ended 31 December 20X1 and its Statements of Financial Position as at 31 December 20X0 and 31 December 20X1 are as follows: Profit after tax Trace Pte Ltd Statements of Financial Position As at 31 December, 20X1 and 20X0 Additional information: (i) A short-term loan payable that was issued the previous year was redeemed in February 20X1. No new loan was taken in 20X1. (ii) 100,000 shares were bought back for cancellation in March 20X1. There was no new issuance of shares during the year. (iii) In June 20X1, Trace Pte Ltd bought equipment for $25.000 in cash. (iv) The company sold equipment with cost of $27.300 and accumulated depreciation of $6,200 for cash in August 20X1. (v) The company's practice is to classify interest receipts and payments under operating cash flows and dividend receipts and payments outside of operating cash flows on the Statement of Cash Flows as allowed under Singapore Financial Reporting Standard 7 Statement of Cash Flows. (vi) When preparing the Statement of Cash Flows, the company's practice is to present the section on cash flows from operating activities using the indirect method. Question 3a Prepare Trace Pte Ltd's Statement of Cash Flows, in accordance to Singapore Financial Reporting Standard 7 Statement of Cash Flows, for the year ended 31 December 20X1. Please show all workings clearly to get full credit. (27 marks) Question 3b Use the Statement of Cash Flows you have prepared for Trace Pte Ltd above and discuss three (3) ways in which cash flows from operating activities can be increased