Question 4 Below was extract from the books of Piko Son Bhd for the year ended 31 December 2019. RM Retained profit 31 December 2018 158,000 Inventory 1 January 2019 39,000 Purchases 550,000 Sales 1,292,000 Share capital 120,000 Distribution expenses 116,000 Administration expenses 241,000 Bad debts 23,500 6% bonds (redeemable in Year 2021) 400,000 Trade receivables 200,000 Trade payables 73,500 Allowance for doubtful debts 6,000 Interest paid on bonds 12,000 Bank 58,000 Dividends paid 105,000 Plant and machinery at cost 920,000 Accumulated depreciation as at 1 January 2019 215,000