Question: please show complete working to address amount :) Question 3 The statement of financial position of Dana Bhd as at 31 December 2021. RM'000 Research

please show complete working to address amount :) Question 3 The statementplease show complete working to address amount :)

Question 3 The statement of financial position of Dana Bhd as at 31 December 2021. RM'000 Research and development 120,000 Furniture and fixtures 640,000 Motor vehicles 100,000 Inventories 50.000 Trade receivables 30,000 Prepayments 10.000 950,000 500,000 ordinary shares 1,000,000 Accumulated losses (200,000) 10% Debentures 100,000 Trade payables 50,000 950,000 Dana Berhad had been incurring trading losses for a number of years and was unable to pay dividends for a number of years. The company decided to undertake a scheme of capital reduction. The company passed a special resolution and the approval of the court was obtained to the following scheme of reconstruction: 1. The ordinary shares are to be reduced to 1.25 sen per share, fully paid up. 2. Assets are revalued to the following values. RM'000 Furniture and fixtures 620,000 Motor vehicles 65,000 Inventories 50.000 II 3. Research and development are to be written off. 4. The accumulated losses and all intangibles assert are to be written off. Required: (a) Prepare the Capital Reduction T-Account (10 marks) (b) Prepare the Statement of Financial Position of Dana Bhd after the Re-organization. (20 marks) [30 marks)

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