1. Madam Sunny and her husband, Mr Dave are preparing their personal financial statement and income tax returns for 2019. Both of them have prepared a list of their assets, liabilities, income and expenses. They have three (3) children; all are under 18 and still schooling. The items are listed below: Madam Sunny (RM) 960 Mr Dave (RM) 1 240 3 500 2 500 50 000 25 000 350 000 50 000 300 000 1 500 150 000 110 000 140 000 65 000 100 000 4 500 10 500 30 000 8 000 5 000 18 000 Cash in hand Balance in checking account Fixed deposit Balance in unit trust Automobile: Proton Perdana Home and property Computer loan Home mortgage loan Instalment loan balance: auto loan Personal property: Furniture Clothing Computer Investments: Shares at Telekom Shares at Petronas Loan payments: Car loan Housing loan Computer loan Income: Salary Bonus Dividends received Expenses: Telephone Electricity City bank Astro Car insurance Car expenses Dining out Groceries Dentist Medical care Father medical expenses EPF 700 per month 950 per month 130 per month 735 per month 920 per month 8 400 per month 2-month salary 2 000 6 100 per month 1 month salary 1 500 150 per month 150 per month 700 per month 350 per month 200 per month 1880 per year 300 per month 370 per month 920 per year 150 per month 250 per month 800 per month 120 per month 500 per year 3 500 per year 100 per month 950 per year 3750 per year You are asked to help them in preparing the: a) Madam Sunny and Mr Dave balance sheet for year ended 31 December 2010 (10 Marks) b) Madam Sunny and Mr Dave income statement for year ended 31st December 2019_12 Marks) c) Based on the financial statement, evaluate the financial position of this family by using ratios. (Current ratio and debt ratio) _(8 Marks)