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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
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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