3. Karya Berjaya Bhd retums defect cables bought from supplier. The cost of the cables is RM1,500. In retum, the company receives full cash refund. The accountant has not done any adjustment to the relevant accounts. 4. Income tax expense for 2019 is RM34,900. 5. 70% of the bonds payable will be due on 2020. The remaining balance will be due on June 2020. 6. No dividend has been declared. REQUIRED: 2. Prepare a Statement of Profit or Loss and Other Comprehensive Income for Karya Berjaya Bhd for the year ended 31 December 2010 according to MFRS 101 Presentation of Financial Statements b. Prepare a Statement of Financial Position for Karya Berjaya Bhd as at 31 December 2019 according to MFRS 101 Presentation of Financial Statement. QUESTION 1 Karya Berjaya Bhd is a telecommunication company. Below is a list of account balances of the company at 31 December 2019 Accounts RM A Account receivables 45,691 Accounts payable 15,390 Accumulated depreciation - buildings 10,500 Accumulated depreciation - equipment 4,915 Allowance for doubtful debts 300 B Bonds payable 250.750 Buildings 571,950 Baddest expense 300 Cost of goods sold 356,730 Cash 547,610 D Depreciation expense -building 3.240 Depreciation expense - equipment 23500 E Equipment 210,000 G Gain on sale of land 45,650 Gain on revaluation of properties 12350 Goodwill 25,15 1 Inventory 220979 IL Land held for future use 67,000 M Maintenance and repair expenses 4.980 N Notes payable 81,000 Office expense 4.809 P Property tax expense 700 Prepaid insurance 110,222 R Rent revenue 24,000 Retained eamings 380,300 Reserve 352.250 S Sales revenue 954,675 Sales discounts 2,100 Sales retums and allowance 490 Salaries and wages expenses 10,556 Sales commissions 760 Share capital 165,402 Travel expense salesperson) 500 Translation of foreign operations gain) 2,450 Additional information: 1. 25% of the notes payable are due next year. 2. On 30 December, Karya Berjaya Bhd receives cash advances of RM5,500 from Rasa Indah Resort Karya Berjaya Bhd is required to provide services relating to internet access gurrounding the Rasa Indah Resort on February 2020. However, the transaction was not recorded by the accountant. 3. Karya Berjaya Bhd retums defect cables bought from supplier. The cost of the cables is RM1,500. In retum, the company receives full cash refund. The accountant has not done any adjustment to the relevant accounts. 4. Income tax expense for 2019 is RM34,900. 5. 70% of the bonds payable will be due on 2020. The remaining balance will be due on June 2020. 6. No dividend has been declared. REQUIRED: 2. Prepare a Statement of Profit or Loss and Other Comprehensive Income for Karya Berjaya Bhd for the year ended 31 December 2010 according to MFRS 101 Presentation of Financial Statements b. Prepare a Statement of Financial Position for Karya Berjaya Bhd as at 31 December 2019 according to MFRS 101 Presentation of Financial Statement. QUESTION 1 Karya Berjaya Bhd is a telecommunication company. Below is a list of account balances of the company at 31 December 2019 Accounts RM A Account receivables 45,691 Accounts payable 15,390 Accumulated depreciation - buildings 10,500 Accumulated depreciation - equipment 4,915 Allowance for doubtful debts 300 B Bonds payable 250.750 Buildings 571,950 Baddest expense 300 Cost of goods sold 356,730 Cash 547,610 D Depreciation expense -building 3.240 Depreciation expense - equipment 23500 E Equipment 210,000 G Gain on sale of land 45,650 Gain on revaluation of properties 12350 Goodwill 25,15 1 Inventory 220979 IL Land held for future use 67,000 M Maintenance and repair expenses 4.980 N Notes payable 81,000 Office expense 4.809 P Property tax expense 700 Prepaid insurance 110,222 R Rent revenue 24,000 Retained eamings 380,300 Reserve 352.250 S Sales revenue 954,675 Sales discounts 2,100 Sales retums and allowance 490 Salaries and wages expenses 10,556 Sales commissions 760 Share capital 165,402 Travel expense salesperson) 500 Translation of foreign operations gain) 2,450 Additional information: 1. 25% of the notes payable are due next year. 2. On 30 December, Karya Berjaya Bhd receives cash advances of RM5,500 from Rasa Indah Resort Karya Berjaya Bhd is required to provide services relating to internet access gurrounding the Rasa Indah Resort on February 2020. However, the transaction was not recorded by the accountant