prepare a statement of profit or loss for the year ended 31 march 20x5

On 1 April 20x4, Godiva started a business with a capital of RM20,000 which he paid into a business account. The following is a summary of the cash transactions for the first year: Cash sales Cash paid to suppliers for purchases Salary of assistant Purchase of motor van on 31 March 20x5 Godiva's drawings during the year Electricity payments Rent for the year Postage and stationery RM 34,628 20,700 4,000 8,000 4,800 1,120 2,200 700 The following further information is relevant: (0) At the end of the year, Godiva was owed RM8,512 by his customers and owed RM11,344 to his suppliers. (ii) Godiva promised his assistant a bonus of RM800. This had not been paid at 31 March 20x5. At 31 March 20x5, there was inventory of RM8,514 and Godiva owed RM340 for electricity for the last quarter of the year. (iv) As the motor van was acquired in the last day of March, Godiva has decided not to charge any depreciation for the year. (v) Rent paid in advance at 31 March 20x5 amounted to RM175