1) CONSTRUCT A BALANCESHEET AS AT 31st DECEMBER 2022 FOR LIANA2) CONSTRUCT A CASHFLOW STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 FOR LIANA3) COMPUTE THEi) LIQUID ASSESTSii)DEBT SERVICE COVERAGE RATIOiii) COMMENT BRIEFLY ON RATIOS CALCULATED4) ANALYSE THE CURRENT FINANCIAL SITUATION OF LIANA. DETERMINE WHETHER LIANA CAN SAVE ATLEAST 10% OF HER SALARY FOR UPCOMING YEAR 2023WITH HER CURRENT SPENDING PATTERN AND IF NOT, ACTIONS THAT LIANA SHOULD TAKE TO MAKE ENDS MEET.

In Malaysia, we have Liana, and she is no stranger to the above situation. Liana, 35, a divorcee with two (2) young children of 6 years and 4 years old, works in an oil and gas company in the research and development department. Her salary (after tax and EPF) is RM6,800. The divorce that took place last 2 years left Liana devastated as she has to take care of her children herself. The high living costs in a metropolitan city such as Kuala Lumpur has made Liana feeling both mentally and financially challenged. Liana, in realizing that she has to change her style of spending, has gathered some information on the expenses that she had incurred in 2022. She felt that in 2023, she must start to at least save some 10% to 20% of her total salary in order to stay financially sufficient and to have some emergency fund during the rainy days. Expenses RM House rental - double-storey house (monthly) 1,200 Child care centre and kindergarten (monthly) 1,000 Travelling expenses (monthly) 600 Utilities (monthly) 300 Netflix and Unifi (monthly) 100 Parents' allowances (monthly) 200 Groceries and household expenses (monthly) 400 Grab food (monthly) 400 Road tax and insurance (2022) 1,500 Car maintenance - 2022 spending 1,000 Miscellaneous expenses (monthly) 100 Hari Raya expenses (2022) 1,200 Credit card payment (monthly) 100 Meanwhile, Liana's assets included the followings: Assets RM Savings account 2,000 Cash at hand 800 Laptop and hand phone current value | 3,000 Home furniture and appliances 2,000 Tabung Haji (31 Dec 2022) 3,000 Liana's further spending and liabilities included the followings: She drives an X50 Proton which she bought in November 2020 for RM98,000. She paid a 10% down payment using almost all of her savings and now pays a 2.5% interest for a 9-year loan. Currently, she has 83 months of car loan outstanding as at 31 December 2022. The market value of her car would be RM85,555 as at 31 December 2022. Liana still owe the PTPTN a staggering amount of RM18,950 as at 31 December 2022. She has only been paying the minimum amount of RM100 per month since she graduated 12 years ago. The divorce that took place two years ago, actually made Liana to develop a form of anxiety and she often resorted to coffee drinking at Starbucks almost every day. She estimated the amount spent on coffee drinking was RM15 each day for 360 days a year in 2022. Further, Liana's credit card balance now stood at a whopping RM4,400 as at 31 December 2022