1. List down the Balance Sheet and Cash Flow Statement based on the financial information as given in the scenario as below:- Puan Noorsah worked as senior Human Resource Executive in a private company and makes net income of RM60,000 a year. She is 36 years old and married with 2 children which are aged 9 and 11. En. Ahmad Fazal is her husband with 41 years old. He is working as an engineer in a manufacturing company. Puan Noorsah did an unit trust investment, her current investment balance is RM60,000 with earnings of 5% per annum. She keeps RM5,000 in her current account and RM30,000 in an emergency savings account without interest. Besides that, she has a house worth RM450,000 where she wants to live in retirement. However, there is still has RM90,000 of housing loan, she pays RM800 per month. She also has two years old car with current market value of RM65,000 and the current car loan is RM70,000, she needs to pay RM660 per month. Puan Noorsah has a life insurance but do not have personal accident insurance. She pays RM250 per month for this cover. In addition, Puan Noorsah has an outstanding debt of RM1,200 for her credit card, she pays RM100 per month. Puan Noorsah keen to have her budgeting for her expenses when she wants to spend: RM80 per week on food for herself RM50 per week on petrol for her car RM250 per month on groceries RM120 per month on electricity RM60 per quarter on water (3 months once) RM10,000 a year on leisure, vacations, etc. Types of Personal Assets Current Assets or Liquid Assets is a cash or other assets that can be readily converted to cash. For example, cash on hand, current account, and savings account. Lifestyle Assets is assets that help achieve desired quality of life. For example, residence, car, jewelry, clothing, and hand phone. Investment Assets is assets being purchased for getting extra or side income. For example, preferred stocks, common stock, bonds, and mutual funds. Real Properties is tangible assets with long life spans and high costs. For example, residential properties. Types of Liabilities Current liabilities which debts due within 1 year. For example, utilities bills, payments for loans installments such as payments for personal loan. Non-current liabilities or is called long-term liabilities debt, this kinds of debts due in 1 year or more for example car loans installment and housing loans. Balance Sheet as at December 31 2020 ASSETS RM RM Liquid Assets: Total Liquid Asset Lifestyle Assets: Total Lifestyle Asset Investment Assets: Total Investment Asset Total Asset LIABILITIES RM RM Current Liabilities: Total Current Liabilities Non-Current Liabilities: Total Non-Current Liabilities Total Liabilities NET WORTH Cash Flow Statement for the year ended 2020 CASH INFLOWS (INCOME) RM/ MONTH RM/ YEAR Total Cash Inflows CASH OUTFLOWS (EXPENSES) RM/ MONTH RM/ YEAR Total Cash Outflows NET INFLOW/ (OUTFLOW)

Balance Sheet as at December 31 2020 ASSETS Liquid Assets: RM RM Total Liquid Asset Lifestyle Assets: Total Lifestyle Asset Investment Assets: Total Investment Asset Total Asset LIABILITIES Current Liabilities: RM RM Total Current Liabilities Non-Current Liabilities: Total Non-Current Liabilities Total Liabilities NET WORTH (8 marks) Cash Flow Statement for the year ended 2020 CASH INFLOWS (INCOME) RM/ MONTH RM/YEAR Total Cash Inflows CASH OUTFLOWS (EXPENSES) RM/ MONTH RM/ YEAR Total Cash Outflows NET INFLOWI (OUTFLOW)