1. Prepare the journal entry for the year 2019

2. Prepare the extract Of Cemara Bhd Statement Profit And Loss for the year ended 2019,2020 and 2021

3. Prepare the financial Position as at 31 December,2019,2020 and 2021.

Saiyer Bhd. leases a piece of office furniture from Awoks Bhd. on 1 January 2019. The lease arrangements are as follows: The lease term is for 3 years and cannot be cancelled. Saiyer Bhd. is to make annual payments of RM3,000, beginning 1 January 2019. At the end of the lease, the equipment is required to be returned to Awoks Bhd. The equipment has a fair value of RM10,000 and an estimated economic life of 5 years. The implicit rate of the lease is 10%