You are presented with the following financial statements for Mulungushi Town Complex Limited. Mulungushi Town Complex Limited Income Statement for year ended 31st December 2018. Profit before tax Income tax expense Profit for the year Retained earnings at 1st January 2020 Debt for the year Dividend paid Retained earnings K'000 24,305 8,064 16,241 49,787 16,241 (10,500) 55,528 Mulungushi Town Complex Limited Income Statement for year ended 31st December 2020 2017 K'000 2018 K'000 K'000 K'000 Non current assets Motor vehicle at cost Less depreciation 53,592 23,814 67,704 29,568 29.778 38.136 Equipment at cost Less depreciation 26,040 6,510 26,040 13,020 19,530 49,308 13,020 51,156 Current Assets Inventory Receivables Less bad debt allowance onreceivables Cash at bank 34,314 26,334 (630) 30,912 30,156 (840) 4,343 18,904 64,361 113,669 79,132 130,288 Total Assets Equity and Liabilities Equity Share capital Retained earnings 42,000 49,787 46,200 55,528 91,787 101,728 8,400 long term borrowing (see note ii Current Liabilities Payables Taxation 12,768 9,114 12,096 8,064 20,160 130,288 21,882 113,669 Total of Equity and Liabilities Notes: (i) There were no non - current asset disposal in 2020. (ii) The loan interest paid in 2020 was K672,000 (ii) Accrued dividends were declared before the year end. (iv) There has been no over or under provision for income tax in the year to 31st December 2020. Required to; (a) Prepare a cash flow statement for Mulungushi Town Complex Limited in accordance with required accounting standard (12 marks). (b) Comment on the usefulness of cash flow statements to external users (8 marks)