Question 3 Kawalan Sdn. Bhd. is in the process of preparing its statement of profit or loss (by function) in accordance with IAS 1 Presentation of Financial Statements. The following information has been extracted from the books of Kawalan Sdn. Bhd.: Carriage inwards Carriage outwards Commission for salesmen Import duties Interest on bank overdraft Interest on debenture Interest on loan Inventories as at 1 September 2020 Inventories as at 31 August 2021 Office stationery Office utilities Purchases Product advertising expenses Salaries for marketing staff Salaries for office staff Sales Tax expenses RM 5,000 3,000 17,500 35,000 2,500 7,500 6,000 25,000 75,000 3,750 10,000 570,000 7,000 60,000 48,750 900,000 20,000 (b) Prepare the statement of profit or loss of Kawalan Sdn. Bhd. (by function) for the year ended 31 August 2021 from the information extracted above. (Workings for the calculation of each function above to be shown clearly.) (19 marks)