PART A:1. What is the purpose of a statement of cash flows and how might such a statement be used by investors and other users of financial reports?2. Explain why the cash position for a firm from one reporting period to the next may show a marked improvement according to the statement of cash flows but the statement of profit or loss for the same period shows a significant decline in reported profit.1.Using the pro forma table supplied in appendix B, prepare a preliminary trial balance for Unicorn Ltd;2.Prepare a statement of comprehensive income for Unicorn Ltd in accordance with the requirements of AASB 101. Unicorn Ltd uses the single statement format for the statement of comprehensive income and classifies expenses by function within the statement;3.Prepare a statement of changes in equity for Unicorn Ltd in accordance with the requirements of AASB 101;4.Prepare a statement of financial position for Unicorn Ltd in accordance with AASB 101. Use the current/non-current presentation format;5.Prepare appropriate notes to the accounts. (You do not need to prepare notes related to income taxes. Include the following note as note 1. You may optionally add accounting policies to this note):