a. SHARIFAH Company acquired a machinery costing RM500,000 which is depreciated at 12% per annum on cost. The capital allowance is 30% in the first year and 20% in subsequent years. The profit before tax for each year is RM1,500,000. Income tax rate is 20%.

REQUIRED:

i. Compute tax payable for year 1, year 2, year 3 and year 4.

ii. Compute tax expense for year 1, year 2, year 3 and year 4.

iii. Compute the cumulative deferred tax liability for year 1, year 2, year 3 and year 4.

b. FATIMAH Company has changes in its ordinary shares outstanding for the period as shown below:

Date	Share Changes	Shares Outstanding (in unit)
January 1	Beginning balance	90,000
April 1	Issued 30,000 shares for cash	30,000
		120,000
July 1	Purchased 39,000 shares	39,000
		81,000
November 1	Issued 60,000 shares for cash	60,000
December 31	Ending balance	141,000

Additional information during the period:

FATIMAH Company has net profit of RM80,000 and it has declared preference dividend of RM50,000.

REQUIRED:

Compute the Earning per Share by showing the calculation of weighted-average number of shares outstanding.