QUESTION Mr Rashid has involved in a business of processing fresh milk since few years ago. The following is the Statement of Comprehensive Income for the year ended 31 December 2021. Sales (-) Cost of sales: Note 1 RM RM 296,300 Opening stock Purchase 2 14.500 79,000 93.500 (-) Closing stock Gross profit Dividend-single tier Rental income 8.600 84,900 211,400 6,450 3.600 221,460 Salary and wages 3 48,700 Depreciation 10,000 Entertainment 4 6,700 Loss from sale of van 5 2,500 Rent of business premises 6 12,000 Bad debts 7 5,700 Cash donations 8 1.400 Legal charges General expenses 1,200 6,100 Telephone 1,450 Vehicle maintenance 1,300 Advertisement 9 4,000 101,050 Net profit 120.410 Notes to the accounts: 1. Sales figure include sale of van on 1 August 2021.