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now please Additional information: 1. Stock at 31st December 2019 valued at cost amounted to RM155,000. 2. Depreciation is to be provided on machinery and

now please
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Additional information: 1. Stock at 31st December 2019 valued at cost amounted to RM155,000. 2. Depreciation is to be provided on machinery and vehicles at a rate of 20 per cent and 25 per cent respectively on cost. 3. Provision is to be made for auditors' remuneration of RM12,000. 4. Insurance paid in advance at 31 December 2019 amounted to RM3,000. 5. The provision for bad and doubtful debts is to be made equal to 5 per cent of outstanding trade debtors as at at 31st December 2019. 6. Corporation tax owing at 31 December 2019 is estimated to be RM60,000. 7. An ordinary dividend of 10 cent per share is proposed. 8. The investments had a market value of RM30,000 at 31 December 2019 9. The company has an authorized share capital of 600,000 ordinary shares of RM0.50 each and 50,000, 8 per cent cumulative preference share of RM1.00 each Required to: a) Construct Punisher Berhad's Statement of Comprehensive Income (Profit & Loss) for the year to 31 December 2019 (10 marks) b) Construct Punisher Berbad's Statement of Financial Position (Balance Sheet) for the year to 31 December 2019. (10 marks)

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