Hi guys, Can someone help me about this. i already answered part (a), but i dont know if i am correct.and also please help me about (b).thnx. New World Hotel Limited has just started in business this year. (a)During the year purchase (all for cash) were: Beer$464,300 Wines$314,200 Spirits$230,900 At the end of the year stocks on hand were: Beer$24,000 Wines$103,900 Spirits$46,900 Required: What was the cost of the beer, wines and spirits sold by the hotel during the year? Beer:$464,300 $24,000 $440,300 Wines:$314,200 $103,900 $210,300 Spirits:$230,900 $46,900 $184,000 (b)Sales (all for cash) during the same period were: Beer$764,000 Wines$285,000 Spirits$468,800 Required: (i)Prepare a cash flow statement for the drinks trading. (ii)Prepare a profit and loss statement for the drinks trading. (iii)Which part of the trade is most profitable? Discuss.