You are given the following information

i. A company started a business with initial investment RM1,000 ii. Purchased 100 pieces of wood with cash each RM10 per pieces. (Assuming 1 piece of wood able to produce 1 chair)

iii. Paid Fixed Manufacturing Cost with cash of RM200

iv. Paid Variable Assembly Cost with cash RM3 per chair. (Cost to convert wood to chair)

v. Sold 30 chairs at RM50 each for cash

vi. Sold 30 chairs at RM50 each on credit

Required:

a) Based on cash accounting, prepare the simple statement of cash flow. b) Based on accrual accounting, prepare the simple income statement. c) Give comments on above answer (a) and (b) in term of relevance and reliability.

please help me to do in excel