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The following trial balance has been extracted from Landmark Sdn Bhd as at 30 June 2022: Additional information: (a) The depreciation expense for building is
The following trial balance has been extracted from Landmark Sdn Bhd as at 30 June 2022: Additional information: (a) The depreciation expense for building is estimated to be RM 278,000 and for motor vehicle is RM 67,000 . (b) A provision of RM 85,000 is required for auditor's remuneration. (c) Corporation tax owing estimated to be RM 55,000 . (d) The director proposed to pay the remaining preference dividend at year end and a dividend of RM 0.05 per ordinary share after the accounts have been finalized. (e) The market value of the investments at 30 June 2022 was RM 285,000. Required: Prepare the income statement for the year ended 30 June 2022 and a statement of financial position as at that date. (for internal use)
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