Balj Corporation invested RM2,000,000 with Bank Urooj under the Mudarabah Muqayyadah investment with agreed profit sharing ratio of 70:30 (Rabbul Maal: Mudarib). Then, Bank Urooj Berhad entered into another 5 years Mudarabah contract (Restricted Mudarabah) with Wafeeq Sdn Bhd and contributed the earlier RM2,000,000 as capital. They share profit at ratio of 80:20 respectively.

Below is the profit / (loss) made by Wafeeq Sdn Bhd:

1. Calculate the profit/loss earned by Balj Corporation.

2. Calculate the balance in the Mudarabah Muqayyadah investment Account of Balj Corporation at the end of the investment.

Year 1 2 3 4 Profit/ (Loss) 750,000 (110,000) 480,000 810,000 1,350,000