Net sales Inventory QUESTION 3 3.1. Given below are financial information for Boo-at Jer Sendirian Berhad for the financial year ended 31 December 2019. Item Amount (RM) Accounts payable 560000 Accounts receivable 380000 Prepaid taxes and insurance 90000 Cash & cash equivalents 985000 Plant. property & equipment 1940000 Operating profit 2430000 |$975000 134000 Total Owners' Equity (end balance) 2550000 Income taxes S90000 Interest charges 190000 Q3.1.a. Calculate the net profit after tax. (2 marks) Format : 7730000Q 3.1.b. Calculate total current assets. (2.5 marks) Format : 3435000Q 3.1.c. Calculate total long term liabilities. (3 marks) Format : 597000Q 3.1.d. Prepare formatted Balance Sheet Statement as at 31 December 2019. Show in workings to be attached. (7.5 marks) Format : AQ.3.2. The Beena Jer Contractor Company paid RM1534000 for a house and the land that it is on. The value of the land was appraised at RM 154000 and the value of the house at RM245000. The house was then torn down at an additional cost of RM15000, so that a warehouse could be built on the land at a cost of RM1120000. For depreciation purposes, what is the cost basis for the warehouse? (3.5 marks) Format : 4930000 0.3.3. Consider the following data for a machinery using DDB depreciation method: Cost of the maching 40000 16 year Salvage value Calculate the book value at the end of the 4th year. (6.5 marks) Format : 9609 Useful life 6000