QUESTION 1 (20 Marks) 11 Table 11 shows financial information of Legency Prd Ltd year ending 30th June 2018 Table 11. Financial Information of Legency Ptd Ltd, Item Value (RM) Stock on 1" July 2017 40,000 Stock on 30th June 2018 30,000 Purchase 160,000 Sales of product 1,500,000 Capital 550,000 Long term loans 456,000 Income from special services 500,000 Machineries & equipment 730,000 Furniture 100,000 Rent paid 300,000 General expenditures 100,000 Salaries and wages 750,000 Insurance paid 25,000 Cash in bank 464,700 Receivables /Debtors 5.300 Creditors 50,500 Overdraft 20,000 Other data are as follows: Depreciation for furniture is 10% per year. Depreciation allocation for furniture is RM50,000 There is no depreciation for other fixed assets. Total tax to be paid is 25%. The Board of Directors agreed to distribute 60% dividend to the shareholders for the financial year ending 30 June 2018 a) Construct an Income Statement for Legency Prd. Ltd. for the year ending 30th June 2018 (4 marks) b) Construct a Balance Sheet for Legency Ptd. Lid at 30 June 2018 (4 marks)