PART A - FINANCIAL STATEMENT ANALYSIS Iqbal Zulkiflie, the CEO of Rancak Berdozza Berhad, requested you as the junior accountant to analyse the financial statements of the companyusing Microsoft Excel. The following information was provided by Iqbal: Rancakk Berdozza Berhad Statement of Profit or Loss for the year ended 31 December 2020 RM '000 2021 RM '000 Sales Revenue Cost of Goods Sold Gross Profit 858 803 (513) (509) 345 294 Operating Expenses Selling Expense Administrative Expense 126 114 118 123 Total Operating Expenses 244 237 Operating Income 101 57 Other Income and Expenses Interest Revenue 4 0 Interest Expense (24) (14) Total Other Income and Expenses (20) (14) Income before Income Tax 81 43 Income Tax Expenses 33 17 Net Income 48 26 Assets Rancakk Berdozza Berhad Statement of Financial Position as at 31 December 2020 RM '000 2021 RM '000 Current Assets Cash and Cash Equivalents 29 32 Accounts Receivable 114 85 Inventory 113 111 Prepaid Expense 6 8 Total Current Assets 262 236 Property, Plant and Equipment 507 399 Long-term Investment 18 9 Total Assets 787 644 Liabilities Current Liabilities Accrued Payable 73 68 Accrued Liabilities 27 31 Notes Payable 42 27 Total Current Liabilities 142 126 Long-term Liabilities 289 198 Total Liabilities 431 324 Owners' Equities Ordinary Shares 186 186