PART C (70 MARKS) Answer ALL questions QUESTION 1 SASSA Sdn. Bhd. operates a sports business providing sports services and selling sports goods to members and non-members. The following balances were extracted from the trial balance of SASSA Sdn. Bhd. on 31 December 2017. Dr Cr (RM) (RM) Premises 50,000,000 Purchases of Sports Merchandise 20,000,000 Sport Equipment 40,000,000 Office Equipment 5,000,000 Previous year outstanding sponsorships 200,000 Salary & Wages 1,500,000 Cash in Hand 750,000 Maintenance 4,000,000 Advertising 1,500,000 Telephone expenses 7,500 Sport Merchandise Stock as at 1 January 2017 1,000,000 Water Expenses 5,000 Stationery 4,500 Cash at Bank 7,500,000 Owners' Equity as at 1 January 2017 Sales of goods at shop Sponsorships received Receipts from events organized Loan from BSN Bhd 71,567,000 30,000,000 10,000,000 4,500,000 15,000,000 Maju Sukan Sdn Bhd 400,000 131,467,000 131,467,000