1 (20 Marks) REQUIRED Study the information provided below and answer the following questions. 1.1 Were there any additions to or disposals of property, plant and equipment during the financial year ended 31 December 2022? Motivate your answer. (3 marks) 1.2 Comment on the decrease in retained earnings. (3 marks) 1.3 Comment on FIVE (5) other significant changes that occurred in the companys financial position during 2022. (10 marks) 1.4 Apart from the Statement of Financial Position and ratio analysis, what other financial information should be considered when commenting on the financial health of the company? (4 marks) INFORMATION AMC Limited Statement of Financial Position as at 31 December: 2022 2021 R R ASSETS Non-current assets ? ? Property, plant and equipment (Cost) ? ? Accumulated depreciation (2 000 000) (1 400 000) Carrying value ? ? Investments 10 000 000 12 000 000 Current assets 7 000 000 4 890 000 Inventories 400 000 100 000 Accounts receivable 5 800 000 4 000 000 Cash 800 000 790 000 25 200 000 25 690 000 EQUITY AND LIABILITIES Equity 12 000 000 20 290 000 Ordinary share capital 3 000 000 2 400 000 Retained earnings 9 000 000 17 890 000 Non-current liabilities 10 000 000 3 400 000 Long-term loan 10 000 000 3 400 000 Current liabilities 3 200 000 2 000 000 Accounts payable 3 200 000 2 000 000 25 200 000 25 690 000