Question 3 The following information is taken from Tanaka Bhd for the year ended 31 December 2020. Preference dividend declared and fully paid in 2020: RM100,000 Ordinary dividend declared and fully paid in 2020: RM3,960,000 Preference share marketable price per unit at 31 December 2020: RM4.60 Ordinary share marketable price per unit at 31 December 2020: RM9.00 Tanaka Bhd Statement of Comprehensive Income for the year ended 31 December 5 Tanaka Bhd Statement of Financial Position as at 31 December Non-current assets Furniture (Net book value) Current assets 2020 2019 RM'000 RM'000 31,840 29,200 Cash at bank 2,448 3,520 Inventory 13,000 13,200 2020 Accounts receivable 7,600 7,000 RM'000 Quoted shares 600 500 100,000 25,348 24,220 (65,000) Current liabilities 35,000 Accounts payable 10,400 10,920 Accruals 300 500 10,700 11,420 Working capital 12,948 12,800 Non-current liabilities Long term loan 18,400 18,000 26,388 24,000 Sales Less: Cost of sales Gross profit Less: Expenses Marketing expenses (13,000) Administration expenses (9,200) Finance expenses (2,880) (25,080) Operating profit before tax 9.920 Taxation Operating profit after tax (3,472) 6,448 Net assets Shareholder's equity 14.4 million ordinary shares 14,400 14,400 500,000 9% preference share 1,000 1,000 Retained profits 10,988 8,600 26,388 24,000