Francis Chan and his friends founded Iridium Co$.$ Ltd$.$ that specializes in making batteries for electric vehicles on $31$ Dec, $2020.$ Shareholders contributed $$1,200$ m as equity capital. All shareholders have paid in cash.

The financial year for Iridium for $2021$ is from $1$ Jan $2021$ to $31$ Dec $2021.$

On $1$ Jan $2021,$ the following activities took place:

Iridium borrowed $$200$ m at annual interest rate of $8\%.$ The company will pay off the whole principal of $$200$ m at the end of year $5.$

Iridium bought machines A and B$.$ Machine A costs $$300$ m and Machine B costs $$600$ m$,$ all paid in cash. Both have useful life of $10$ years.

The company bought raw materials to make the batteries that cost $$600$ m but $$100$ m has not been paid to the suppliers.

For the financial year $2021,$ the revenue recorded for Iridium was $$1200$ m$.$

Expenses related to wages and utilities are $$250$ m and $$80$ m respectively. As of Dec $31,2021,$ $$20$ m of wages are outstanding $($i$.$e$.,$ not paid in cash yet$)$ but utilities are all paid in cash.$$

On Dec $312021,$

$$200$ m has not been collected in cash from its customers.

Of the raw materials that were bought on $1$ Jan $2021,$ $$200$ m was not used for the production of batteries in the $2021$ financial year. The rest was all used in the form of expenses to produce the batteries.

Iridium decided to sell Machine A and buy a better one. Iridium sold Machine A for $$270$ m$.$

Cash dividend of $$100$ m was paid to shareholders.

Iridium bought Machine C with useful life of ten years for $$280$ m$,$ all paid in cash. Depreciation expense for Machine C will begin on $1$ Jan $2022.$

Tax rate is $20\%.$