XYZ Sdn Bhd is a Malaysian incorporated company. The summarised balance sheet of the business as at 30 June 2017 was as follows: $ Assets Furniture and equipment Inventories Accounts receivable Cash XYZ Sdn Bhd Balance Sheet as at 30 June 2017 $ Liabilities and capital 380,000 Share Capital 55,000 Accounts payable 92,000 Bank overdraft 5,400 532,400 404,100 82,300 46,000 532,400 On 30 June 2018, the liabilities of the business were: Accounts payable $67,600; Bank overdraft $32,500; Loan from ABC Ltd $95,000, repayable on 31 May 2019. The assets were: Furniture and equipment $335,000; Inventories $45,500; Accounts receivable $80,500; Cash $16,200. During the year, the shareholders put in an additional sum of $50,000 as new share capital and the company paid dividends of $187,000. The gross profit ratio and net profit ratio for the year were 20% and 12%, respectively. Required (a) Draw up a balance sheet as at 30 June 2018, with the net profit as the balancing figure. (b) Draw up an income statement for the year ended 30 June 2018.