*****Add one more Statement of Financial Position.

*****All Statement Need to Do on the table

*****Need to do the work for the Cost of Sales, Administration Expenses, Distribution Costs, and Finance Costs.

Question 2 The following is the trial balance of Cronos, a limited liability company, as at 30 September 2021: Inventory as at 1 October 2020 Purchases Carriage inwards Carriage outwards Turnover Trade receivables and Payables Wages and salaries Sundry administrative expenses Allowance for doubtful debts, as at 1 October 2020 Bad debts written off during the year Office equipment as at 1 October 2020 Cost Accumulated depreciation Land Bank Office equipment: additions during year Office equipment: proceeds of sale of items during year Debenture interest Ordinary Share Capital @ RM 1 Retained earnings as at 1 October 2020 8% Debenture Loan Asset Revaluation Reserves 5% Preference Shares @ RM0.60 Interim Ordinary dividend Additional Information: DEBIT -RM 186,400 1,749,600 8,100 47,250 a) Inventory as at 30 September 2021 amounted to RM 319,600. 318,000 294,200 381,000 14,680 214,000 838,000 200,000 48,000 12,000 13,000 4,324,230 CREDIT -RM 2,850,000 254,630 18,200 88,700 14,000 500,000 68,700 300,000 80,000 150,000 4,324,230 Carriage outwards Wages and salaries Sundry administrative expenses c) Wages and salaries cost is to be allocated: - cost of sales - distribution costs - administrative expenses Prepayments e) Office equipment: RM 4,900 10% 20% 70% Accruals RM 1,250 5,800 13,600 ACC2104 (F) Page 5 of 8 d) Further bad debts of RM8,000 are to be written off, and the current year provision for bad debts is to be equal to 5% of the final trade receivables figure. The bad debts expenses and provision for bad is to be included in administrative expenses. Depreciation is to be provided at 20% per annum on the straight line basis, with a full year's charge in the year of purchase and none in the year of sale. During the year equipment which had cost RM40,000, with accumulated depreciation of RM26,800, was sold for RM14,000. f) The directors proposed to pay the preference dividend and the remaining debenture interest for the year ended 30 September 2021. g) Taxation for the year was estimated at RM25,000. Required: Prepare the following financial statements in a form suitable for publication to the shareholders of Cronos in accordance with applicable financial reporting standards in Malaysia: a) Statement of Profit or Loss for the year ended 30 September 2021.(show all workings) (19 marks) b) Statement of Changes in Equity for the year ended 30 September 2021. (6 marks)