Question 1 (Total 20 marks) In order to prepare a statement of cash flows for the year ended on 31 December 2021, the following financial statements are provided. Additional information: 1. Land purchase is for cash. 2. A building costing $89,000 with accumulated depreciation of $75,000 is sold for cash. 3. Accumulated depreciation is affected by depreciation expense and the sale of building. 4. Cash is received for issuing bonds and shares. 5. The balance of Retained earnings is affected by dividend payment and net profit. Required: a. Prepare a statement of cash flows using the indirect method for 2021 . The company classifies interest paid and dividends paid as operating cash flows. Necessary computation steps of cash paid for dividends, interest, and tax are required. (12 marks) b. List the three steps of preparing investing cash flows. Which type of information is needed to compute investing cash flows? (4 marks) c. Name the purposes of the statement of cash flows. (4 marks)