PR 7-7 Aman Niaga Sdn Bhd is a company that manufactures various types of sport shoes. The following represents a selected accounts balance of the company for the year ended June 30, 2018. RM Machines... 113,400 Accumulated depreciation-machines. 34,020 Office equipments. 32,400 Accumulated depreciation-office equipment 19,440 Factory supplies. 10,611 Long-term loan 67,500 Sales 324,675 Sales returns and allowances. 6,075 Sales discounts 4,860 Direct materials purchases. 79,488 Indirect materials 10,368 Direct labor 32,603 Indirect labor. 16,902 Factory supervisors' salaries expense 11,475 Factory property tax expense 6,480 Managers' salaries expense 70,200 Transportation expense 4,500 Insurance expense.... 4,860 Factory rental expense. 12,960 Machine maintenance expense 8,775 Marketing expense 16,983 Office supplies expense. 3,726 Utilities expense. 8,910 General expenses. 11,880 Aman Niaga Sdn Bhd also supplies the following additional information: 1. Inventory record July 1, 2017 June 30, 2018 Finished goods 33,110 35,960 Work in process 23,030 48,430 Direct materials 16,800 27,840 2. Proportion of factory and office expenditure: Factory Office Insurance expense 60% 40% Managers' salaries 20% 80% Utilities expense 30% General expenses 35% 65% Transportation expense 1/3 2/3 7096 3. Unrecorded transactions as of June 30, 2018: a. Depreciation policy for fixed assets (based on cost value): Annual rate Office equipment 10.0% Machine 5.0% b. Inventory inspection reported that factory supplies on hand at the end of June 2018 is RM4,310. c. The long-term loan reported above was approved by bank on January 1, 2018 with an annual interest rate of 8%. d. Sales commission amounted to RM15,400 has yet to be paid at the end of the accounting period. Instructions a. Prepare adjusting entries for information number 3 above. b. Prepare the Statement of Cost of Goods Manufactured for the year ended June 30, 2018 for Aman Niaga Sdn Bhd. c. Prepare the Statement of Profit or Loss for the year ended June 30, 2018. Tips: Net Income: RM380,775