The following is a list of balances for Syarikat DEF Bhd, a public company, as at 31 December 2021. Debit RM'000 Credit RM'000 59,200 Revenues Cost of goods sold Inventory Warehouse wages Salespersons' salaries and commission Administrative salaries General administrative expenses General distribution expenses Directors' remuneration Interest paid Dividends paid (interim) Property, plant and equipment (at cost) Accumulated depreciation at 1 January 2021 Trade receivables Trade payables Provision for doubtful debts at 1 January 2021 Balance at bank Non-current loan stock Called-up share capital 8 million ordinary shares 17,500 5,000 1,700 3,700 6,140 1,160 980 1,740 200 4,240 36,000 7,800 13,800 7,600 400 4,160 2,000 10,600 Continued... NJ 7,220 1,900 Retained profits at 1 January 2021 Tax paid for the current year Tax over-provided in prior year Suspense account 100 3,300 98,220 98,220 Additional information: i- The tax provision (payable) for the year is RM2,100,000. ii- Accruals and prepayments to be accounted for are: General administrative expenses General distribution expenses Prepayments RM'000 70 40 110 Accruals RM000 140 90 230 iii- Depreciation should be charged at 10 percent per annum on cost of the assets remaining at the end of the year, and are allocated 70 percent to distribution and 30 percent to administration expenses respectively. iv- Two transactions had been entered in the company's cash record and transferred to the suspense account shown in the trial balance. They are: The receipt of RM3,000,000 from the issue of 1,000,000 ordinary shares at RM3 per share. The sale of some surplus plant. The plant had cost RM2,000,000 and had a carrying value of RM200,000. The sale proceeds of RM300,000 had been credited to the suspense account but no other entries have been made. V- A review of the trade receivables total RM13,800,000 showed that it is necessary to write off debts totaling RM400,000 and that the allowance for doubtful debts should be adjusted to 2 percent of the remaining trade receivables. vi- At 31 December 2021, the cost of unsold inventory is RM4,800,000. Required: In compliance with the requirements of MFRS 101 Presentation of Financial Statements, prepare the statement of profit or loss and other comprehensive income for the year ended 31 December 2021 for Syarikat DEF Bhd. (25 marks) The following is a list of balances for Syarikat DEF Bhd, a public company, as at 31 December 2021. Debit RM'000 Credit RM'000 59,200 Revenues Cost of goods sold Inventory Warehouse wages Salespersons' salaries and commission Administrative salaries General administrative expenses General distribution expenses Directors' remuneration Interest paid Dividends paid (interim) Property, plant and equipment (at cost) Accumulated depreciation at 1 January 2021 Trade receivables Trade payables Provision for doubtful debts at 1 January 2021 Balance at bank Non-current loan stock Called-up share capital 8 million ordinary shares 17,500 5,000 1,700 3,700 6,140 1,160 980 1,740 200 4,240 36,000 7,800 13,800 7,600 400 4,160 2,000 10,600 Continued... NJ 7,220 1,900 Retained profits at 1 January 2021 Tax paid for the current year Tax over-provided in prior year Suspense account 100 3,300 98,220 98,220 Additional information: i- The tax provision (payable) for the year is RM2,100,000. ii- Accruals and prepayments to be accounted for are: General administrative expenses General distribution expenses Prepayments RM'000 70 40 110 Accruals RM000 140 90 230 iii- Depreciation should be charged at 10 percent per annum on cost of the assets remaining at the end of the year, and are allocated 70 percent to distribution and 30 percent to administration expenses respectively. iv- Two transactions had been entered in the company's cash record and transferred to the suspense account shown in the trial balance. They are: The receipt of RM3,000,000 from the issue of 1,000,000 ordinary shares at RM3 per share. The sale of some surplus plant. The plant had cost RM2,000,000 and had a carrying value of RM200,000. The sale proceeds of RM300,000 had been credited to the suspense account but no other entries have been made. V- A review of the trade receivables total RM13,800,000 showed that it is necessary to write off debts totaling RM400,000 and that the allowance for doubtful debts should be adjusted to 2 percent of the remaining trade receivables. vi- At 31 December 2021, the cost of unsold inventory is RM4,800,000. Required: In compliance with the requirements of MFRS 101 Presentation of Financial Statements, prepare the statement of profit or loss and other comprehensive income for the year ended 31 December 2021 for Syarikat DEF Bhd. (25 marks)