Question: Please help me . please help me .. Please Iris Sportsware Bhd. has been listed on the Bursa Malaysia since year 2006. The following balances
Please help me . please help me .. Please


Iris Sportsware Bhd. has been listed on the Bursa Malaysia since year 2006. The following balances relate to Iris Sportsware Bhd. at 31 December 2020: RM'000 RM'000 Debit Credit 50.875 35,245 678 453 4,152 6,654 560 700 600 Sales Purchases Sales returns and allowances Purchase returns and allowances Administration expenses Distribution expenses Bank interest Final dividend for year ended 31 December 2019 Interim dividend for year ended 31 December 2020 Ordinary share capital Retained earnings Property, plant and equipment at cost Property, plant and equipment - Accumulated depreciation Inventories as at 1 January 2020 Trade receivables Trade payables Accruals 7% bank loan repayable 2025 Bank 12,000 12,345 58,463 27,974 8,456 6,690 3,348 387 16,000 1,184 123,382 123,382 The following notes are relevant: (i) The sales figure in the trial balance does not include the credit sales for December 2020 of RM3,564,000. The inventories at 31 December 2020 is RM9,786,000. (iii) Goods for resale costing RM127,000 purchased on two months credit in December 2020 were returned to the supplier on 31 December. No entries have been made in the accounts in the trial balance. (iv) The corporation tax charge for the year has been calculated as RM1,254,000. (v) (vi) Interest on the bank loan for the last six months of the year has not been included in the accounts in the trial balance. The company paid RM48,000 insurance costs in August 2020, which covered the period from 1 September 2020 to 31 August 2021. This was included in administration expenses in the trial balance. Required: Prepare the following financial statements for Iris Sportsware Bhd. in accordance to the requirements of MFRS101 Presentation of Financial Statements. a) Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2020. b) Statement of Financial Position as at 31 December 2020
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