a) Prepare balance sheet for Julies Corporation as at 31st December 2019 and 2020 from following data.

b) Prepare a cash flow statement for Julies Corporation for the year ended 31st December 2020.

2019 2020

RM in mil RM in mil

Accounts payable 65 74

Depreciation expenses 18 23

Long-term debt 24 78

Sales 170 182

Marketable securities 30 2

Cash 51 27

Gross fixed assets 225 450

Selling expenses 25 30

Notes payable 45 9

Interest expenses 15 22

Inventories 125 211

Cost of goods sold 45 50

Retained earnings 162 304

Accumulated depreciation 62 85

Adminstrative expenses 25 28

Account receivables 62 97

Common stock 114 192

Accruals 21 45

Tax rate 35% 35%