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QUESTION 3 (40 MARKS) Statements of comprehensive income for the year ended 30 June 2021: Sash Berhad Cotton Berhad RM'000 RM'000 Sales (all on

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QUESTION 3 (40 MARKS) Statements of comprehensive income for the year ended 30 June 2021: Sash Berhad Cotton Berhad RM'000 RM'000 Sales (all on credit) 24,000 14,000 Cost of sales 20,000 11,300 Gross Profit 4,000 2,700 Operating expenses 2,320 1,710 Operating profit 1,680 990 Debenture interest paid 240 90 Loss on asset disposal 20 30 Profit before tax 1,420 870 Taxation 720 450 Profit after tax 700 420 Dividends paid 120 114 Retained profit for the year 580 306

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