The following table shows the statement of financial position for Jims Shams Company as a June 30, 2020. Assets 5 Cash and balances with banks and agents 155,000 Deposits and placements with financial 2,010,500 institutions Investments: Held for trading (Note 1) 1,420,500 Investment Held to maturity 490,200 Investments Available for sale 250.500 Stocks 3,800,300 Tax recoverable 9,200 Bills receivable (Note 2) 127,300 Fixed assets 350,000 8,613,50 Liabilities Accounts payable Accruals Bills payable 7.350.000 50,500 65,500 Shareholders' funds Share capital Reserves 500,000 647,500 8,613,50 1. Additional Information at the end of the year: 1. A total of $400,000 value of held-for-trading securities of M Berhad has been treated as a long-term investment where the company has no intention to liquidate and the company intends to become the major shareholder of M Berhad. 2. Ten percent (10%) of the bills receivable is nonrecoverable and must be written off. This provision has not been provided in the preceding statement of financial position. Required: Determine the amount of zakat payable by Jims Shams Company for the financial year ended June 30, 2020, based on the two recommended methods in AAOIFI'S FAS 9