The statements of financial position and comprehensive income High Bhd, Middle Bhd & Statements of Financial Position at 31 December 2019 High Bhd Middle Bhd Low Bbd Assets RM RM RM Non-current assets Land & Buildings 800,000 400,000 300.000 Office Equipment 601,000 360,000 250,000 Investments 700,000 20.000 2, 101,000 780.000 550,000 Current assets Inventones 500,000 119,250 70.000 Trade receivables 89,000 40,000 55,500 Inter-company current account 50,000 Cash at bank 70,000 58,200 30.000 Total assets 2,810,000 997.450 705,500 Equity & Liabilities Equity Ordinary shares 500,000 400,000 250.000 Retained earnings 804,000 216.400 140,150 1,304,000 616,400 390,150 Current liabilities Trade payables 1,006,000 170,000 90,000 Dividend Proposed 100,000 Inter- company current account 10.000 Other liabilities 400,000 211,050 215,350 Total Equity and Liabilities 2.810,000 997.450 705.500Statements of Comprehensive Income for year to 31 December 2019 High Bhd Middle Bhd Low Bhd RM RM RM Revenue 900.000 300.000 200,000 Cost of sales (380,000) (182,000) (113,050) Gross profit 520.000 118.000 86.950 Operating expenses (90,000 (13,200) (9,000) Profit before tax 430,000 104.800 77.950 Dividend Income 21,750 2,000 Tax expense (52,750) (30.400) (15,300 Profit for the year 399,000 76.400 62.650Statements of Changes in Retained Earnings for the year ended 31 December 2019 High Bhd Middle Bhd Low Bhd RM RM RM Balance at 1 January 2019 505,000 160,000 90.000 Profit for the year 399,000 76.400 62.650 Less: Dividends (100.000) (20,000) (12,500) Balance at 31 December 2019 804.000 216.400 140.150