Brewstons Ltd, a small firm of consultants, had the following Trial Balance at 31 March 2019: DEBIT CREDIT Fee income 185,450 Office Expenses 23,450 Salaries 121,348 Advertising 1,345 Account Receivables 28,350 Account Payables 465 Bank 2,490 Office Machinery cost 32,400 - accumulated depreciation 16,400 Office Furniture - cost 16,250 - accumulated depreciation 7,450 Vehicles cost 64,200 - accumulated depreciation 21,400 Ordinary Share Capital RM 1 40,000 Retained Earnings as at 1 April 2018 13,688 287,343 287,343 The following matters have still to be taken into consideration: (a) Depreciation on vehicles and office machinery is calculated on the reducing balance basis at 15 % per year. Depreciation on office furniture is calculates at 5 % per year on cost. (b) Provision for an audit fee of RM 2,250. (c) Provision for bad debt is estimated at 5% of debtor after deducting bad debts of RM1200. (d) Income tax for the year is estimated at RM 13,000. (e) Salary for the month of April 2019, RM 20,000 was paid in March 2019. Required: Prepare the relevant financial statement for the year to 31 March 2019. Tutorial Questions on Company Accounts (Internal Use)