Question 5 The following are extracted balances from Abba Sdn Bhd' accounts along with other information relating to the business's year end on 30 April 2022. RM Ordinary share capital 122,600 Machinery at cost Sales Revenue Motor Vehicles at cost Purchases Trade Receivables Trade Payables 100,000 590,000 500,000 250,000 135,000 125,000 Accumulated depreciation: Machinery 30,000 Tax expenses 7,750 Net Profit as at 30 April 2021 215,400 Accumulated depreciation: Motor Vehicles Utilities 50,000 14,500 Inventory as at 1 May 2021 35,000 Salaries 35,000 Rental 30,000 Bank 18,000 Purchases return 13,550 Professional fee Bad debts written off Sales Returns Discounts Allowed Cash in Hand Discounts Received 12,500 1,550 1,250 950 7,600 2,550 4 ...4% Relevant information: ii. iii. The rental includes RM6,000 relating to May, June and July 2022. The machinery still has to be depreciated at year end by 10% straight line. There were unpaid salaries at year end 30 April 2022 of RM1,800. iv. Closing inventory has been counted and is valued at RM56,000. V. vi. Motor Vehicles depreciated at 10% per annum using the reducing balance method Machinery is to be depreciated at 10% per annum on its original cost. Required: Prepare, for external use, the following financial statements for Abba Sdn Bhd in accordance with MFRS 101 Presentation of Financial Statements: (Notes to the accounts are not required.) a. Statement of Comprehensive Income for the year ended 30 April 2022. (16 marks) b. Statement of Financial Position as at 30 April 2022. (18 marks) C. Explain the problems from a working capital perspective for a business which has too many orders and too few orders. (6 marks)