Question 3 The following is the trial balance of Mohammad Trading Sdn Bhd as at 31 March 2019: Debit (RM) Credit (RM) 100,000 50,000 10,000 2,000 10,476 210,000 19,000 Equity shares fully paid (100,000 shares) 8% debentures Revaluation reserve General reserve Retained profit from previous years Motor vehicles Accumulated depreciation on motor vehicles Inventories as at 31 March 2018 Trade receivables/trade payables Provision for doubtful debts Bank balance Purchases/sales revenue Wages and salaries Sundry expenses Directors remuneration Preliminary expenses Debenture interest 14,167 11,000 8,012 324 271,700 9,731 186,000 16,362 3,912 15,500 1,640 1.200 Equity dividend paid interim) 2,000 471,512 471,512 Inventories as at 31 March 2019 is valued at RM23,487. Depreciation of motor vehicles is to be provided at the rate of 10% per annum on the fixed instalment method (straight line method). The provision for irrecoverable receivables is 5% of the trade receivables as at 31 March 2019. Furthermore, a provision of RM9.700 is to be made for taxation on the profit. There is a proposed final ordinary dividend of 5 cents per share to be paid to its shareholders. The directors have decided to increase the general reserve by a further RM3,000 during the year. Required (with workings provided): (a) Prepare the statement of comprehensive income for the year ended 31 March 2019. (8 marks) (b) Prepare the statement of changes in equity for the year ended 31 March 2019. (9 marks) (c) Prepare the statement of financial position at 31 March 2019. (8 marks) [Total : 25 marks]