Soalan/Question 4 (B)\ \ Martinelli Berhad (Martinelli) prepared its draft financial statements for the year to 30 June 2022. Before the financial statements were authorized for issue by the Board of Directors on 1 August 2022, the following events were brought to your attention:\ 1. On 12 July 2022, the company's auditors discovered fraud in the material requisitions department. A senior member of the staff who took upon employment with Martinelli in December 2021 had been authorising payments for goods that had never been received. The payments were made to fictitious company that cannot be traced. The member of the staff was immediately dismissed. Calculations show that the total amount of the fraud at the date of discovery was RM300, 000 of which RM220, 000 related to the year ended 30 June 2022. (Assume the fraud is material).\ 2. Neymar Sdn Bhd, a trade debtor of Martinelli had showed a balance of RM500, 000 as at 30 June 2022. At that year end, Martinelli was of the opinion that the debt was wholly collectible and therefore, did not make any provision for doubtful debts in respect of this debt. On 20 July 2022, it was learnt that Neymar Sdn Bhd had been place under receivership. Neymar Sdn Bhd would only be able to pay 15 sen for every ringgit owed.\ 3. On 31 July 2022, Martinelli's factory was destroyed by fire caused by sabotage. The factory was not sufficiently insured and the loss suffered from the fire was estimated to be RM300, 000.\ \ REQUIRED : \ Explain how the events (i)to (iii) above are to be dealt with in the financial statements for the year ended 30 June 2022 of Martinelli Bathed, in accordance with MFRS137. Provision Contingent Liabilities & Contingent Assets or MFRS110 Events After the Reporting Period. Your answer should quantify the amounts where possible. ( 10 marks)