A summarised statement of comprehensive income of Scharp Ltd for the year to 30 June 2024 is shown below, together with the company's statement of financial position at that date (with comparatives for the previous year). Statement of comprehensive income for the year to 30 June 2024

Required:(a) Prepare a statement of cash flows for the year to 30 June 2024 in accordance with the requirements of IAS7 (using the indirect method).(b) Explain why the information provided in the statement of comprehensive income and in the statements of financial position is insufficient to allow use of the direct method in this case.(c) Comment briefly on the significance of the information provided by the company's statement of cash flows.

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Operating profit Investment income Interest expense Profit before taxation Taxation expense Profit for the year £ 170,200 7,100 (6,120) 171,180 37,870 133,310