1. The table below shows the Trial Balance for Empower Berhad for the year ended 31 March 2020. Empower Berhad is based on Malaysia and mainly use the Malaysian Currency Ringgit (RM) for its transactions. RM'000 RM'000 Cost of Sales and Sales 13,800 18,030 Current Assets 6,050 Operating Costs 865 Interest and other finance charges 2,850 Non-Current Assets 8,625 Current Liabilities 3,350 Ordinary Share Capital (1 Shares) 3,100 Share premium 300 Revaluation reserve 650 Non-Current Liabilities 6.750 Retained earnings 5,610 Ordinary dividends paid 5,600 37,790 37,790 The following notes are also relevant: (0) Non-current assets include a machine costing RM100,000. For the yle 31 March 2020, the carrying amount is RM25,000 with a useful life of 4 years. However, the machine really has a useful life of 3 years and should have been fully depreciated this year. (ii) Current liabilities include the balance on the current tax account of RM 100,000 representing the over provision of tax for the yle 31 March 2019. The income tax liability for yle 31 March 2020 is estimated to be RM200,000. This has not been provided for. (ii) Included in current liabilities is an amount due to a supplier of US$80,000. The amount had been translated to ringgit Malaysia at the transaction date of 31 December 2019 when the spot rate was RM4.00 to US$1. The closing rate at 31 March 2020 is RM4.10 to US$1. (iv) The company is about to launch a new product on 1 June 2020. There has been a lot of interest in the new product, with advance cash sales of RM30,000 already having been generated. These advances have been recorded as Sales Non-Current Assets includes land at RM3 million. This was based on a valuation three years ago. The directors carried out a revaluation exercise at the end of the current financial year and wish to include the land at the current market value of RM3.5million. (v) Requirements: Prepare the following statements for Empower Berhad for the year ended 31 March 2020: a) Total Comprehensive Income (9 marks) b) Changes in Equity (6 marks) c) Financial Position (14 marks) Total: 29 marks You are not required to prepare notes to the financial statements, but you should show all your workings