Given the opening capital of RM71,000, closing capital as RM137,600 and drawings as RM5,000, the resulting effect on the statement of profit or loss and other comprehensive income is Select one: O a. profit for the year is RM61,600 O b. loss for the year is RM71,600 c. profit for the year is RM71,600 0 d. loss for the year is RM61,600 A company has net sales and cost of goods sold of RM752,000 and RM543,000, respectively. Its net income is RM17,530. The company's gross profit and total other expenses are and respectively. Select one: a. RM734,000; RM191,470 O O O b. RM191,470: RM209,000 C. RM227,000; RM525,470 a d. RM525,470; RM227,000 O O e. RM209,000: RM191,470 Herald Company had sales of RM135,000, sales discounts of RM2,000, and sales returns of RM3,200. Herald Company's net sales equals: Do Select one: a. RM5,200. o b. RM129,800. o C.RM133,000. O d. RM135,000. Q e. RM140,200. Sales less sales discounts less sales returns and allowances equals: Select one: O a. Net purchases O b. Net sales. O c. Gross profit. O d. Cost of goods sold. 0 e. Net income