QUESTION 3 Prepare a cash flow statement for MKM Wealth for the year ending 31st December 2020 from the following information: (6 marks) QUESTION 5 1. The purchase of newly ordered raw materials by Mewah Wangsa Corporation is on the 2nd of April and the goods will be sold on the 20th of July. The payment is on a credit term of 7/10 net 45 . Given RM20,000 monthly sales, total account receivables of RM30,000 and outlays of RM35,000. Determine: i) The length of Mewah Wangsa Corporation's cash cycle. (3 marks) ii) The amount of the cash turnover of the corporation. (2 marks) iii) The amount of minimum operating cash involved. ( 2 marks) iv) The cost of foregoing cash discount