B Prepare a statement of proht or loss and other comprehensive income for the year ended 31 Question 1 The following list of balances of revenue, were extracted from the books of Haziq Trading for the year ended 31 December 20x1. Required: A Determine the Cost of goods sold ii Gross profit iii Net profit of Haziq Trading for the year ended 31 December 20x1 iv Owner's equity as at 31 December 20x1 December 20x1. C Prepare a statement of financial position as at 31 December 20x1 for Haziq Trading Sales Opening inventory Purchases Closing inventory Expenses Non-current assets Inventory Accounts receivable Cash Current liabilities Non-current liabilities Capital RM 220,000 26,000 178,000 14,000 19,000 60,000 14,000 10.000 8,000 20,000 35,000 26,000 Scanned with CamScanner