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QUESTION 2 The following selected accounts with their current balances as at 31 March 2021 were extracted from Affiqque Corporation Sdn Bhd. RM Sales 237,800

QUESTION 2 The following selected accounts with their current balances as at 31 March 2021 were extracted from Affiqque Corporation Sdn Bhd. RM

Sales 237,800
Rent revenue 40,000
Cost of merchandise sold 106,250
Cash 128,970
Accounts receivable 58,420
Merchandise inventory 42,890
Office supplies 18,500
Store equipment 140,000
Accumulated depreciation store equipment 37,910
Accounts payable 85,970
Unearned rent 32,000
Notes payable (due in 2 years) 79,780
Afiq, capital 1 March 2021 78,120

Additional information: 1. Selling expenses for the month of March 2021 was RM58,280. 2. Administrative expenses for the month of March 2021 was RM38,270. REQUIRED:

(a) Prepare a single step Statement of Profit or Loss and Other Comprehensive Income for the month of March 2021.

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