QUESTION NUMBER THREE (Answer 3 a up to 3d ). The People In Power Limited profit and loss statement for the year ended 31st December, 2012 and the statement of Financial Position as at 31tt December 2011 and 2012 were as follows; PEOPLE IN POWER LIMITED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 315T DECEMBER 2012 PEOPLE IN POWER LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER Addition information (i) Dividends paid were ZMK 66,000. (ii) During the year the company paid ZMK 90,000 for a new piece of machinery. Required to: of fios are comming 5 (3a) Prepare the statement of Cash flow for People In Power Limited for the year ended 31st December, 2012 in accordance with the requirements of IAS 7, using the indirect method (10 Marks). (3b) Discuss why it might be better to concentrate on profits as opposed to cash when analyzing a set of financial statements (4 marks). (3c) ss sx Discuss why it is important to provide separate disclosures (3d) Discuss why the cash flow stateme flow statement is more reliable than