Please answer a), b) and c). Thank You.

Screen Shot 2017-10-02 at 3.24.02 PM Searc QUESTION 1 The following balances have been extracted from the books of Alpha Berhad as at 31 December 2016. (RM) Land and Building Furniture and Fixtures Motor Vehicles Accumulated Depreciation: (RM) 1,000,000 600,000 800,000 216,800 Motor Vehicles 596 Loan from CIMB 10% Fixed deposit at MAYBANK 100,000 20,000 50,000 Account payable Inventories, 1 Jan Account receivable 80,000 95,000 180,000 1,500,000 Common stock Duty on purchase Carriage inwards 40,000 12,000 7,000 460,000 870,000 17,000 Purchases and sales 15,000 Salarics expenses Repair and maintenance expenses O Search 16,000 26,00 24,000 Insurance expenses Utilities Rental received Gencral expenses Retained carnings, 1 4. Fixed deposit was invested on 1 July 2016. Interest on fixed deposit was still accrued for 2016. Utilities outstanding amounted to RM1,300 and insurance prepaid was RM500. 5. 6. The company collected a receivable from customer, RM15,200, however the 21,800 Jan 480,000 3,984,800 3,984,800 bookkeeper recorded it at RMI2,500. This transaction has not been adjusted in the books of Alpha Berhad. 1. 2. Closing inventories as at 31 December 2016 was valued at RM120,000. Interest on loan has been accrued for the year ended. The loan was taken on 1 March Required: a) b) Prepare the retained earnings statement for the year ended 31 December 2016. Prepare the income statement for the year ended 31 December 2016. (12 marks) 3. Depreciation was to be provided: Furniture and Fixtures Motor Vehicles RM2,500 per month. 10% on reducing balance method. (5 marks) (8 marks) c) Prepare the balance sheet as at 31 December 2016. Total: 25 marks)