Kiki Berhad manufactures and sells plastic household items. The company has been successful and has a gross profit rate of 20%. Below is the financial information for Kiki Berhad and its competitor, Lala Company, for year 2021. The account receivable as at 31 December 2020 for Kiki Berhad was RM375,000 and Lala Company was RM378,200. Lala Company Kiki Berhad 2021 (RM) 2021 (RM) Land Machines & equipment 630,000 660,000 241,000 236,000 Furniture & fittings 87,000 90,000 Cash 269,000 271,500 Accounts receivables 372,800 370,500 Inventories X 325,000 Prepaid insurance 25,000 18,000 Capital 1,100,000 1,000,000 Accounts payable 489,200 494,300 Advertising fees payable 21,500 Long term borrowings 132,000 85,300 Sales (all on credit) 1,980,000 1,810,000 Sales return and allowances 30,000 25,000 Selling expenses 21,000 17,000 Administrative expenses 19,000 22,100 Interest expenses 2,000 3,000 Income tax expenses 8,000 7,300 Additional information for Kiki Berhad: Dividend paid Beginning inventory Purchases RM45,900 RM725,000 RM1,290,000