3 (15 MARKS) Given below are the summmarised Statement of Profit or Loss and Other Comprehensive Income of Moon Bhd and Sun Bhd for the year ended 31 December 2021. Moon Bhd Sun Bhd RM RM Sales Cost of sales Gross profit 820,000 600,000 (600,000) (400,000) 220,000 200,000 Other revenues and gains 10,000 Operating expenses (50,000) (40,000) Other expenses and losses (4,000) (5,000) Investment income 14,000 10,000 Dividend income from Sun Bhd 6,000 Profit before tax 196,000 165,000 Taxation (46,800) (38,500) Profit after tax 149,200 126,500 Retained profit brought forward 200,000 150,000 Additional information: 1. Moon Bhd acquired 60,000 out of 100,000 ordinary shares (RM1 each) of Sun Bhd on 1 January 2021 when the retained profit of Sun Bhd was RM150,000. 2. 3. 4. 25% of sales of Moon Bhd was sales to Sun Bhd. Moon Bhd mark up all goods sold at 25% on cost. At the end of the year, 75% of these goods were sold by Sun Bhd. Sun Bhd sold a piece of equipment to Moon Bhd at a profit of RM50,000. This equipment has been depreciated by both companies at 10% per annum on the reducing balance method. Both companies paid an ordinary dividend of RM20,000 each. Required: a. Consolidated Statement of Profit or Loss and Other Comprehensive Income of Moon Bhd and its subsidiary, Sun Bhd as per MFRS 10 for the year ended 31 December 2021. b. Provide TWO (2) examples of intercompany transactions. (10 marks)