EBA2093: CORPORATE FINANCIAL STATEMENT ANALYSIS QUIZ 1 The assets and liabilities of Samarahan Travel Berhad at December 31, 2020, the end of the current financial year, and its revue and expenses for the year are listed below. The equity capital was RM80,000 at 1st January 2020, the beginning of the current financial year. Accounts payable RM6,100 Accounts receivable RM31,350 Cash RM53,050 Long-term debt RM6,100 Revenue earned RM263,200 Land RM80.000 Miscellaneous expenses RM12,950 Office expense RM63,000 Supplies RM 3,350 Wages expense RM131,700 Question: Using the above information, prepare the following: a. Balance sheet at December 31, 2020 b. Income statement for the year ending December 31, 2020. c. The shareholders invested an additional RM50,000 for the year ending December 31, 2020, and received RM30,000 dividend payment for the year. Using the additional information, prepare the statement of owners' equity. d. Prepare the statement of owners' equity for the year ended December 30, 2020. e. Prepare a balance sheet common size statement and arrive at the conclusion with regard to the financial position of the company at December 31, 2020. f. Prepare an income statement common size statement and arrive at the conclusion with regard to the financial performance of the company in 2020. EBA2093: CORPORATE FINANCIAL STATEMENT ANALYSIS QUIZ 1 The assets and liabilities of Samarahan Travel Berhad at December 31, 2020, the end of the current financial year, and its revue and expenses for the year are listed below. The equity capital was RM80,000 at 1st January 2020, the beginning of the current financial year. Accounts payable RM6,100 Accounts receivable RM31,350 Cash RM53,050 Long-term debt RM6,100 Revenue earned RM263,200 Land RM80.000 Miscellaneous expenses RM12,950 Office expense RM63,000 Supplies RM 3,350 Wages expense RM131,700 Question: Using the above information, prepare the following: a. Balance sheet at December 31, 2020 b. Income statement for the year ending December 31, 2020. c. The shareholders invested an additional RM50,000 for the year ending December 31, 2020, and received RM30,000 dividend payment for the year. Using the additional information, prepare the statement of owners' equity. d. Prepare the statement of owners' equity for the year ended December 30, 2020. e. Prepare a balance sheet common size statement and arrive at the conclusion with regard to the financial position of the company at December 31, 2020. f. Prepare an income statement common size statement and arrive at the conclusion with regard to the financial performance of the company in 2020