RM The following are the account of Mega Technology Sdn Bhd as at 31 Dec 2018 Particulars Purchased 56,000 Return inward 1,700 Return outward 2,200 Sale 89,000 Capital 93,000 Drawing 3,000 Motor vehicle 5,200 Land 22,000 Building 30,500 Machinery 5,000 Account payable 22,600 Account receivable 10,200 Inventory (1 January 2016) 14,000 Inventory (31 December 2016) 11,350 Stationary 500 Utility expenses 2,300 Bad debt 200 Depreciation 2,400 Insurance on purchased 2,000 Commission received 4,950 Discount allowed 1,450 Cash 15,000 Bank 40,300 Required: 1. Prepare a trial balance as at 31 December 2018 2. Prepare Statement of Comprehensive Income for the year ending 31 December 2016 3. Prepare Statement of Financial Position as at 31 December 2018 1. Redtone Sdn Bhd. purchased a machinery for RM20,000 on 1 January 2016. It estimates to use for 5 year. Calculate the depreciation charged using straight line method at 15% depreciation per year. Prepare the relevant table that show the cost, depreciation charged, accumulated depreciation and net book value for the asset. 2. Lily Trading purchased a lorry costing RM100,000 on 2 January 2016. The lorry is depreciated at a rate 10% per annum for 3 years. Show the calculation of cost, depreciation charged, accumulated depreciation and net book value for the asset. By using reducing balance method. 3. My Interior Bhd. purchased a Computer for RM23,000 on 1 January 2015. It will be kept for four years and then traded in for RM4,000. Show the calculation of cost, depreciation charged, accumulated depreciation and net book value for 2015 until 2018