Verone is a wine wholesaler and importer. She imports fine wines from overseas and then sells to the retail customers. On 1 July 2021, she had invested RM225,000 cash to start the wine trading business. On the same date, she had imported a batch of fifty cartons of fine wines at RM90,000 and bought a delivery van at RM135,000 to deliver wines to customers. The replacement cost of the fine wines then was RM93,600. The delivery van was estimated to have 5 years of useful life and the replacement cost of the van on 30 June 2022 was estimated to be RM189,000. On 1 April 2022, Verone sold all the wines for RM144,000 and on the same day another fifty cartons of fine wines were purchased for RM108,000. The new batch of the fine wines remained unsold as at 30 June 2022 and was estimated to have a replacement cost of RM135,000 at that date.

The related general price indices are as follows: 1 July 2021 : 100 1 April 2022 : 108 30 April 2022 : 109 1 June 2022 : 110 30 June 2022 : 112

Required: (a) Prepare the statement of profit or loss for the year ended 30 June 2022 and the statement of financial position as at 30 June 2022 using the following normative theories:

(ii) Current purchasing power accounting which aims to maintain the purchasing power intact.