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Question 1: Financial Statements for Manufacturing Entities The followina trial balance was extracted from the books of Lona on 31 December 2012. You are given

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Question 1: Financial Statements for Manufacturing Entities The followina trial balance was extracted from the books of Lona on 31 December 2012. You are given the following information: You are given the following information: a) Inventories as 31 December 2012: Raw materials: RM35.000 b) Depreciation charged during the year is as follows: Factory buildings RM12,000 Machinery RM5,000 Required: - Prepare the manufacturing and income statement for the year ended 31 December 2012

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