Content 25 Marks.

Krisnan has been in business as a sole trader since 1 May 2021. He has prepared the draft statement of comprehensive income shown below and has asked you to check if it is correct. Additional information: - Closing stock cost RM6,378. This includes damaged items which cost RM1,564. These could be repaired for RM375 and then sold for RM1,820. - The figure for rent is the total paid in the year to 30 April 2022. Five equal payments were made for the three month periods commencing on: 1 May 2021. 1 August 2021. 1 November 2021. 1 February 2022 and - Carriage and delivery comprises RM1,428 for carriage on goods recelved and RM418 for delivering goods to customers. - The charge for wages is made up of RM28,000 paid to Krisnan and RM3,580 paid to a part-time employee. Required: Prepare Krisnan's corrected statement of comprehensive income for the year to 30 April 2022, clearly showing both gross profit and net profit