Ana Berhad is a public company with an authorized capital of 100,000 units of ordinary shares @RM4.00 each and 200,000 units of 10% preference shares @ RM1.00 each. Given below is the trial balance extracted from Salsabila Bhd as at 31" December, 2016. Trial Balance as at 31" December 2016 RM RM (Debit) (Credit) Land and Buildings Motor Vehicles Plant & Machinery Investment as quoted Goodwill Inventory Trade receivables and trade payables Bank 160, 000 10% preference shares @ RM1.00 each 100,000 ordinary share @ RM4.00 each General Reserve Retained Profits 8% debenture Interest on debenture (interim) Ordinary shares dividend (interim) Provision for Doubtful Debts (1" January 2016) Bad debts 480,000 150,000 200,000 140,600 24,000 69,550 68,000 88,000 4,000 15,000 1,600 41,000 160,000 400,000 80,000 147,300 70,000 4,000 Rent receivable Insurance expenses 48,000 Advertisement expenses 33,000 Directors' emolument 40,000 Sales Cost of sales 241,550 Provision for depreciation: Plant & machinery Motor Vehicles Office staff salaries 48,000 1,651,300 Additional information: 1. Inventory as at 31 December 2016 was valued at RM93,550. 2. The depreciation rate for the assets are as below: Plant & machinery 5% annually on cost Motor vehicles 15% annually on reducing balance 3. Provision for doubtful debts is estimated to be at 5% on trade receivables. 4. Accrued expenses for the year 31" December 2016: Audit fees RM500 Directors' emolument RM1,100 5. Insurance expenses is for 12 months beginning from 1 July 2016. 6. The Board of Directors proposed to: i.) transfer RM4,000 to General Reserve ii.) to propose a 5% dividend on ordinary shares iii.) to propose a final dividend on redeemable preference shares 7. Income tax rate is 25%. 22,000 668,200 30,000 28,800 1,651,300 You are required to: a) Report the Statement of Comprehensive Income for the year ended 31st December 2016. [10 marks] b) Report the Statement of Changes in Equity for the year ended 31st December 2016. [5 marks] c) Construct the Statement of Financial Position as at 31st December 2016. [10 marks]