Exercise- Co-operative society UPM co-operative Bhd involves in 3 business activities; Services, Aquaculture and Transportation. Given below are balances as at 31 December 2015, in RM. 82,000 550,000 Purchase Statutory Reserve Fund 50,000 Sales Plant, Property & 235,000 Miscellaneous revenue Repair expenses Utilities Long term loan Investment in quoted 15,000 3,000 8,000 45,000 25,000 Equipment Salaries expenses Advertising Overdraft Share Capital Inventory 18,000 5,000 25,000 200,000 52,500 shares Trade debtors Audit fees Activities' expenses 75,000 27,500 200,000 Cash Trade creditors Accumulated profits 22,500 155,100 55,000 Sales inclusive of Services (10%), Aquaculture (60%) and transportation business Expenses also take the same percentage of activities' expenses and cost of goods solod Closing inventories is valued at RM35,500. Miscellaneous revenue covers donations (40%), commissions (45%) and the remaining from interests on bank deposits Other administrative expenses include stationeries (30% of advertising costs) and traveling expenses (30% of salaries). iv