ACCT311 FA23 TUT_CHP05_zakat_03_02102023 The following table shows the statement of financial position for Ezekiel Company as a June 30, 2022. Assets S Cash and balances with banks and agents Deposits and placements with financial institutions Investments: Held for trading (Note 1) I Investment: Held to maturity Investments: Available for sale Stocks Tax recoverable Bills receivable (Note 2) Fixed assets Liabilities Accounts payable Accruals Bills payable Shareholders' funds Share capital Reserves 155,000 2,010,500 1,420,500 490,200 250,500 3,800,300 9,200 127,300 350,000 8,613,500 7,350,000 50,500 65,500 500,000 647,500 8,613,500 Additional Information at the end of the year: 1. A total of $400,000 value of held-for-trading securities of M Berhad has been treated as a long- term investment where the company has no intention to liquidate and the company intends to become the major shareholder of M Berhad. 2. Ten percent (10%) of the bill's receivable is nonrecoverable and must be written off. This provision has not been provided in the preceding statement of financial position. Required: Determine the amount of zakat payable by Ezekiel Company for the financial year ending June 30, 2022, based on the two recommended methods in AAOIFI's FAS 9.