Question The following information has been extracted from the books of Tuhan Bhd, a limited liability company as at 31 October 2018. Accounts Cash Insurance Inventory at 1 November 2017 General expenses Energy expenses Marketing expenses Wages and salaries Discount received Share premium account Retained earnings at 1 November 2017 Provision for doubtful debts at 1 November 2017 Sales revenue Telephone expenses Property expenses Bank Return inward Trade payables Loan note interest Trade receivables Purchases 7% loan notes bad debts Ordinary shares @ RM1 per share Accumulated depreciation at 1 November 2017: - Buildings Motor vehicles . Furniture and equipment Land at cost Buildings at cost Motor vehicles at cost Furniture and equipment at cost Debit RM'000 15 75 350 60 66 50 675 80 100 95 2. Furniture and equipment at 20% of cost. 33 900 3,570 150 740 1,500 240 1,200 9,899 Credit RM'000 6. Depreciation is to be charged as follows: 1. Motor vehicles at 20% of written down value. 50 200 315 40 5,780 94 290 470 1,800 360 80 420 You have also been provided with the following information: 1. Inventory at 31 October 2018 was valued at RM275,000 based on its original cost. However RM45,000 of this inventory has been in the warehouse for over two years and the directors have agreed to sell it in November 2016 for a cash price of RM20,000 (Events after reporting period). 9,899 2. The marketing expenses include RM5,000 which relates to November 2018. 3. Based on past experience the allowance for receivables is to be increased to 5% of trade receivables. 4. There are wages and salaries outstanding of RM40,000 for the year ended 31 October 2018. 5. Buildings are depreciated at 5% of cost. At 31 October 2018, the buildings were professionally valued at RM1,800,000 and the directors wish this valuation to be incorporated into the accounts. 7. No dividends have been paid or declared. 8. Tax of RM150,000 is to be provided for the year. 9. During October 2018 a bonus issue of one for ten shares was made to ordinary shareholders. This has not been entered into the books. The share premium account was used for this purpose. Required: Prepare the following statements: (a) The Statement of comprehensive income for the year ended 31 October 2018. (b) The statement of finacial position as at 31 October 2018