Case: Sejahtera Sdn Bhd required you to prepare the Statement of Cash Flows for the year ended 31 December 2021. Sejahtera Sdn Bhd. provide you a comparative Statement of Financial Position as at year end of 2020 and 2021, a Statement of Profit or Loss and Other Comprehensive Income for the yeas ended 2021 and additional information on current year transactions. The following additional information on current year transactions are given by Sejahtera Sdn Bhd: 1. The loss on the cash sale of equipment was RM2,100 (details in information no. 2). 2. Sold equipment costing RM51,000, with accumulated depreciation of RM22,850 for RM26,050. 3. Purchased equipment costing RM113,250 by paying RM43,250 cash and signing a long- term note payable for the balance. 4. Borrowed RM5,000 cash by signing a short-term note payable. 5. Paid RM47,500 cash to reduce the long-term notes payable. 6. Issued 3,000 shares of ordinary shares for RM15 cash per share. 7. Declared and paid cash dividends of RM53,600. nt A E E Paragraph 2 Sejahtera Sdn Bhd Comparative Statement of Financial Position As at 31 December ASSETS Non-Current Assets Equipment Less: Accumulated depreciation Total non-current assets Current Assets Inventory Accounts receivable 2021 2020 RM RM 262,250 (110,750) 200,000 (95,000) 151,500 105,000 240,600 250,700 77,100 80,750 Prepaid expenses 15,100 17,000 Cash 123,450 61,550 Total current assets 456,250 410,000 Total assets 607,750 515,000 EQUITY AND LIABILITIES EQUITY Share capital 245,000 200,000 Retained earnings 230,000 125,500 Total equity 475,000 325,500 Non-Current Liabilities Long-term notes payable 100,000 77,500 Current Liabilities Short-term notes payable 15,000 10,000 Accounts payable 17,750 102,000 Total current liabilities 32,750 112,000 Total liabilities 607,750 515.000 Styles Total current liabilities Total liabilities Total equity and liabilities Sales 32,750 607,750 112,000 515,000 Sejahtera Sdn Bhd Statement of Profit or Loss and Other Comprehensive Income For the Year Ended 31 December 2021 Cost of goods sold Gross profit Operating expenses: Depreciation expense Other expenses Total operating expenses Other gains (losses): Loss on sale of equipment ACT3101 igate Profit before tax Income tax expense Profit for the year RM RM 1,185,000 595,000 590,000 38,600 362,850 401,450 188,550 (2,100) INDIVIDUAL ASSIGNMENT SEMESTER 2 2021 2022 186,450 28,350 158,100