The comparative financial statement below shows the financial position of Fanor Sdn Bhd for the year 2018 and 2019, respectively. Fanor Sdn Bhd Comparative Statement of Financial Position As at 31 December 2018 and 2019 2019 2018 RM RM Non- Current Assets: Properties 3,000,770 2,750,350 Equipment 1,319,880 2, 170,130 Long-term investment 1,870,000 1,500,000 Total Non- Current assets 6,190,650 6,420,480 Current Assets: Cash 5,250,755 4,440,930 Short term investments 2,200,000 1,000,670 Accounts receivable 2,560,376 2,234,560 Inventories 2,564,369 1,404,260 Prepaid expense 125,000 250,000 Total Current Assets 12,700,500 9,330,420 Total Assets 18,891,150 15,750,900 Equity: Share capital 3,000,000 3,000,000 Reserves 550,000 675,000 Retained earnings 5,800,860 3,450, 110 Total Equity 9,350,860 7,125,110 Liabilities Non- current Liabilities Long term loan 3,450,000 5,550,000 Total Non- Current Liabilities 3,450,000 5,550,000 Current Liabilities Short term loan 2,755,000 1,000,790 Accounts payable 1,900,660 1,575,000 Notes payable 1,000,000 Unearned revenues 434.630 500,000 Total Current Liabilities 6,090,290 3,075,790 Total Liabilities and Equity 18,891,150 15,750,900Additional information: 1. The total assets as at 31 December 2017 is RM14,750,600. 2. The net sales for the year ended 31 December 2018 and 31 December 2019 are RM16,545,900 and RM21,250,800 respectively. 3. The gross profit for the year ended 31 December 2018 and 31 December 2019 are RM6,189,900 and RM9,500,800. 4. The net profit for the year ended 31 December 2018 and 31 December 2019 are RM1,700,350 and RM2,350,750 respectively. 5. The cost of goods sold for the year ended 31 December 2018 is RM10,356,000 while the cost of goods sold for 31 December 2019 is RM1 1,750,000