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The statement of the financial position of PADU Printing Enterprise as of 31 December 2019 was shown in Table 1. Distinguish information according to Table

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The statement of the financial position of PADU Printing Enterprise as of 31 December 2019 was shown in Table 1. Distinguish information according to Table 1 to find financial statement for the year 2019. (i) Gross profit or loss Net profit or loss (10 marks) Table 1: Financial statement of Padu Printing Enterprise for year 2019 January - December Year 2019 Assumptions: Start Operation 1/1/2019 Cash Injected by owner RM 70,000 Loan bank (6% for 6 years) RM 20,000 Sales Sales (unit) 13,000 Selling Price/Unit RM Purchase Costs/unit RM Purchase of Photostat machine RM 60,000 (useful life = 8 years) paid cash RM 60,000 in January 2019 25 10 Monthly Operating Expenses: (fully paid) Salary Shop space rental Electricity and other utilities Transportation Maintenance Advertisements (for the year) Other 4,000 2,000 500 300 300 3,000 200

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