PLEASE ANSWER BRIEFY

Question 1 The following is the trial balance for Amelina Sdn. Bhd. as at 31 December 2020: CR RM DR RM 6.723 18,910 12,304 40.360 100,000 45,000 15,286 8,000 4,200 100,000 72,360 Bank Trade receivables Trade payables Inventory at 31 December 2019 Buildings at cost Equipment at cost Accumulated profits as at 31 December 2019 General reserve Foreign exchange reserve Authorised and issued share capital Purchases Sales Carriage inwards Carriage outwards Salaries Rates and occupancy expenses Office expenses Sundry expenses Accumulated depreciation at 31 December 2019: Buildings Equipment Directors' remuneration 135,486 1,570 1,390 18,310 4,235 3,022 1.896 32,000 16,000 9,500 Additional information: i. Inventory at 31 December 2020 amounted to RM52,360. ii. Rates owing RM280, office expenses owing RM190. Dividend of 10 per cent proposed. iv. Transfers to reserves: General RM 1,000; Foreign exchange RM800. V. Depreciation on cost: Buildings 5 per cent; Equipment 20 per cent. Required: Prepare the Statement of Comprehensive Income for the year to and the Statement of Financial Position for Amelina Sdn. Bhd. as at 31 December 2020 for INTERNAL USE. (Total: 20 marks)