Q2 The statement of financial position of Serba Boleh Printing Enterprise as at 31 December 2016 was shown in Figure 1. Distinguish the above information to find financial statement for year 2016 Gross profit or loss Net proft or loss (15 marks) Year 2016 January - December Assumptions: Start Operation 1/1/2016 Cash Injected by owner 70,000 20,000 Loan bank (6% for 6yrs) Sales Sales (unit) 13,000 Selling Price/Unit 25 Purchase Costs/unit 10 Purchase of Photostat machine 60,000 (useful life = 8 yrs) paid cash RM 60,000 in January 2016 Monthly Operating Expenses: (fully paid) Salary 4,000 Shop space rental 2,000 Electricity and other utilities 500 Transportation 300 Maintenance 300 Advertisements (for the year) 3,000 Other 200 Figure 1: Financial statement of Serba Boleh Printing Enterprise for year 2016 RM RM RM RM RM