Question: i Net cash flows from financing activities Net increase (decrease) in cash Cash balance, 31 December 2020 Cash balance, 31 December 2021 He is concerned

i Net cash flows from financing activities Net increase (decrease) in cash Cash balance, 31 December 2020 Cash balance, 31 December 2021 He

i Net cash flows from financing activities Net increase (decrease) in cash Cash balance, 31 December 2020 Cash balance, 31 December 2021 He is concerned that the company's cash balance has decreased from $326,000 at 31 December 2020 to $55,000 at 31 December 2021. You have also established from the company's statement of financial position that its total assets were $2,878,000 as at 31 December 2021 . Required: Examine the statement of cash flows, do you think your uncle's concern is justified? Comment and explain. Your comments should not exceed 500 words

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