QUESTION 4 Part A Fehendhoo Berhad reported net income of RM 145,000 for year 2019. Included in the statement of profit or loss during the year were depreciation expense of RM9,000 and a loss on disposal of plant assets of RM3,000. The company's comparative statements of financial position show the following balances. Accounts Accounts receivable Inventories Prepaid expenses Accounts payable Income taxes payable 31 Dec 2019 (RM) 20,000 15,000 5,000 28,000 6,000 31 Dec 2018 (RM) 30,000 10,000 1,000 12,000 8.000 Continued... PNIR 4/5 Required: Prepare the partial Statement of Cash Flows for operating activities only by using the indirect method. (10 marks) Part B The comparative Statements of Financial Position for Keyodhoo Berhad are presented below: Keyodhoo Berhad Comparative Statements of Financial Position as at 31 December 2019 2018 (RM) (RM) Assets Accounts Receivable 240,000 246,000 Water Sport Equipment 300,000 286,500 Speed Boats 187,500 210,000 Total Assets 727,500 742,500 Liabilities Accounts Payable 195,750 206,550 Stockholders' Equity Ordinary Share Capital Retained Earnings Total Liabilities and Stockholders' Equity 171,750 360,000 727,500 165,450 370,500 742,500 Required: (a) Prepare a horizontal analysis by using year 2018 as a base. (10 marks) (b) Prepare a vertical analysis for the year 2019