Below are the financial statements for Galaxy Corporation: Statement of Financial Position of Galaxy Corporation 2021 2020 (RM) (RM) Cash 50,000 40,000 Accounts receivable 80,000 60,000 Inventories 180,000 110,000 Plant & equipment 300,000 260,000 Less accumulated depreciation -40,000 -20,000 Total assets 570,000 450,000 Accounts payable 100,000 150,000 Accrued liabilities 70,000 50,000 Mortgage payable 80,000 Ordinary share at RM1 per share 130,000 90,000 Retained earnings 190,000 160,000 Total liabilities and equity 570,000 450,000