QUESTION 1 TRX Berhad principally operates in the manufacturing of steel. The draft financial statement and additional information of the company is as follows: Additional information: 1. On 1 January 2021, the carrying amount of a trademark of TRX Berhad was RM4,300,000. At the end of 2021, the trademark was revalued to RM4,700,000. During the year 2022, the trademark was sold for cash consideration of RM4,700,000. The company treated the RM 400,000 , which is the difference between the carrying amount of the trademark in 2021 and the cash consideration received in 2022, as a gain on disposal and recorded as a deduction in research and development expenses. 2. The company included gains due to exchange differences from translating functional currencies into presentation currency amounted to RM250,000 as part of other expenses. 3. The corporate tax rate in 2022 is 24%. (a) Explain FOUR (4) uses of the financial statements of TRX Berhad. Your explanation should include examples of items presented on the financial statement of TRX Berhad. (b) Discuss whether the accounting treatment on the disposal of the trademark, as stated in Additional information number 1, has any impact on the financial statement of the company for the year 2022. Provide TWO (2) justifications for your answer. (c) Discuss whether the accounting treatment on gains arising from exchange differences amounted to RM250,000, as stated in Additional information number 2 has any impact on the financial statement of the company for the year 2022. Provide TWO (2) justifications for your answer. (d) After revising the above financial statement and incorporating additional information 13, perform a common size income statement for the year 2022