21. Malacca Berhad ha s the following information a s at 31 December 2014 Debit Credit Issued share capital: 200,000 ordinary shares of $1 each 10,000 7% preference shares of $ 1 each 200,000 Premises, at cost Plant and machinery, at cost Accumulated depreciation- plant and machinery Equipment, at cost Accumulated depreciation equipment Inventories at 1 January 2014 Accounts recelvable Accounts payable Allowance (provision) for doubtful debts Bank Purchases Sales Salaries Business rates Water and electricity expense Bad debts written off Rental of machinery 6% loan stocks 2020 Interest on loan stocks Share premium Retained profits/(Accumulated losses) General reserve Interim dividend on ordinary shares 120,000 10,000 75,000 42,800 26,500 ' 12,480 26,460 54,500 12,220 1,345 32,480 19,250 222,550 317,500 6,000 7,430 550 8,400 900 25,785 20,000 20,000 2,000 10,000 In addition, the following Information is made available: (1) Inventories at 31 December 2014 is valued at $22,330. (i) A payment of $1,500 made for electricity charges was omitted in the trial ( revalued to $180,000 on 31 Dec 2014. The board of directors balance. (ii) The premises were has decided to record the premises based on revalued amount. No depreciation is to be charged on the premises for the year ended 31 December 2014. Non-current assets are depreciated as follows: Plant and machinery (iv) 5% per annum on net book value 10% per annum on cost Equipment N11123-E1 Turn Over