QUESTION 3 Given below is the Statement of Profit or Loss for Supermix Sdn Bhd for FY2019 to FY2021. FY2020 FY2019 4,879.4 5,030.6 2,685.9 2,655.3 SUPERMIX SDN BHD Statement of Profit or Loss For Financial Year Ended December 31 In RM millions FY2021 Net Sales 5,491.2 Cost of goods sold/Cost of Sales 2.839.7 Gross profit 2,651.5 Selling, general and administrative expenses 2,121.2 Interest expense 86.2 Other expenses 32.6 Operating Income 411.5 Provision for income taxes 175.7 Net Income 235.8 2,344.7 2.224.1 1,844.1 1,779.0 101.8 56.4 16.4 149.6 382.4 153.5 228.9 239.1 90.2 148.9 The company has also put forward the following assumptions (in RM millions) for FY2022 forecast: a. Revenues are forecast to equal RM6,000. b. Cost of sales forecast uses the average percent relation between cost of sales and sales for the three-year period ending December 31, 2021. c. Selling, general, and administrative expenses are expected to increase by the same percent increase occurring from FY2020 to FY2021. d. Other expenses are predicted to be 8% higher than in FY2021. e. Interest expense is expected to increase by 6% due to increased financial needs. f. The effective tax rate is equal to that of FY2021. Required: As an Accountant of the company, you are required to prepare a projected Statement of Profit or Loss for FY2022. (Total: 15 marks)