Answer Happy

Zombie Berhad has the following trial balance at 31 December 20211 Revenue Purchases Returns inwards Plant at cost Machinery at cost Office equipment at cost Accumulated depreciation-- Plant Accounts payable Long-term borrowing Accounts receivable Inventory Cash and bank Administration expenses Long term borrowing interests Salaries and wages Marketing expenses Discount allowed -- Machinery -- Office equipment Share capital Retained profits as at 1 Jan 2021 General Reserve Total ● • RM 730,600 208,000 10,712,000 4,940,000 4,680,000 2,191,072 218,400 358,904 520,000 26,000 252,720 208,000 72,800 25,118,496 RM 7,602,504 936,000 988,000 520,000 629,200 1,040,000 Additional information: • Inventory as at 31 December 2021 was RM447,200. Provision for company tax was RM429,520. Depreciation 20% on cost per annum based on monthly pro rata basis to all non- current assets. • Share capital: RM7,800,000 ordinary shares and RM520,000 4% preference shares. • Ordinary share dividend proposed to be 6%. • Long term borrowing interest where half year interest still owing. 8,320,000 4,602,208 480,584 25,118,496 Required: Prepare Statement of Comprehensive Income and Statement of Financial Position as at 31 Dec 2021. (40 marks)