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i need help with entrepreneurship question The statement of the financial position of BERJAYA Printing Enterprise as of 31 December 2020 was shown in Table
i need help with entrepreneurship question
The statement of the financial position of BERJAYA Printing Enterprise as of 31 December 2020 was shown in Table 1. Distinguish information according to Table 1 to find financial statement for the year 2020. (i) Gross profit or loss (ii) Net profit or loss (10 marks) Table 1: Financial statement of BERJAYA Printing Enterprise for year 2020 Year 2020 January - December Assumptions: Start Operation 1/1/2020 Cash Injected by owner Loan bank (6% for 6 years) RM 70,000 20,000 RM Sales Sales (unit) Selling Price/Unit Purchase Costs/unit 13,000 25 RM RM 10 RM 60,000 Purchase of Photostat machine (useful life = 8 years) paid cash RM 60,000 in January 2020 Monthly Operating Expenses: (fully paid) Salary Shop space rental Electricity and other utilities Transportation Maintenance Advertisements (for the year) Other 4,000 2,000 500 300 300 3,000 200
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