Wakanda Mulla has presented the following financial data for 2017 : Balance Sheet 2016 2017 Non-Current Assets Cost Depn NBV Cost Depn NBV Goodwill 260,000 210,000 Tangible Assets 1,800,000 (360,000) 1,440,000 2,300,000 (450,000) 1,850,000 Long term Investment 130,000 130,000 1,830,000 2,190,000 Current Assets Closing Stock 35,000 55,000 Debtors 65,000 20,000 Short term Investment 40,000 65,000 Bank 0 40,000 Cash 2,000 142,000 17,000 197,000 Total Assets 1,972,000 2,387,000 Capital & Reserves Share Capital 700,000 900,000 General Reserves 250,000 250,000 Retained Profit 210,000 1,160,000 50,000 1,200,000 Non Current Liability 10% Debenture 700,000 1,000,000 Current Liabilities Creditors 36,000 96,000 Dividends Payable 11000 11000 Tax Payable 20,000 20000 Interest Owing 10,000 60,000 Bank Overdraft 35,000 112,000 0 187,000 Total Equity & Liabilities 1,972,000 2,387,000 Condensed Income Statement PBIT (60,000) Less interest (100,000) Profit before tax (160,000) Less tax 0 PAT (160,000) Add Retained Earning b/d 210,000 Total Profit for the Year 50,000 Less Transfer to Reserves 0 Less Dividends 0 0 Retained Earning c/d 50,000 Tangible asset costing $80,000 with depreciation of $25,000 was sold for a loss of $55,000. Required : a. Prepare the cash flow statement for the year 2017 b. Select appropriate items in the cash flow to comment on the state of liquidity and profitability of the company.