You are required to perform (i) and (ii), based on the Wave Parts Sdn. Bhd.'s Factory Operational Report for the accounting year ended 31" Dec 2019 and the listed relevant information given below. Additional information: (0) 25% of the Salary Expenses is for the Factory Supervision and the balance is for Administrative purposes. (ii) Insurance Expenses and Rental Expenses both are divided on the ratio of 25:75 respectively for Administrative and Factory purposes. (ii) Additional tax on factory will be on basis of RMO 25 for each unit produced. In this period, the company has produced 35,000 units. (iv) Annual depreciation for factory machine and equipment are each at 10% and 15%. (v) Raw material purchases is before deducting the outward return of RM25,500 (vi) Sales return was RM25,000. Refer Below. Floure 1 : Factory Operational Report - 31 December 2019 RM Finished Goods Inventory, 1/1/2019 Direct Labour Factory Machine at cost Factory Equipment at cost Managing Director Salary Rental Expenses Raw Materials Inventory, 1/1/2019 Raw Materials Purchases Factory Utilities Other Overheads Work-In-Progress Inventory, 1/1/2019 Work-In-Progress Inventory, 31/12/2019 Salary Expenses Tax on Factory Insurance Expenses Finished Goods Inventory, 31/12/2019 Raw Materials Inventory, 31/12/2019 Indirect materials Sales 164,500 570,000 45,000 46,000 50,000 76,000 72,000 660,500 66,000 18,000 36,000 70,000 410,000 19,000 85,000 315,000 25,000 45,000 5,000,000 Figure 1: Factory Operational Report - 31 December 2019 Prepare the cost of Manufacturing Statement as at 31st Dec 2019. (15 marks) ii. Prepare Income Statement for the year ending 31" Dec 2019. (10 marks)