Premium One Bhd, a trader of stationery, was incorporated in Malaysia with an authorized capital of...

  

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Premium One Bhd, a trader of stationery, was incorporated in Malaysia with an authorized capital of RM200,000,000 consisting of 160,000,000 ordinary shares of RM1.00 each and 20,000,000 5% preference shares of RM2.00 each. The trial balance of Premium One Bhd for the year ended 31 December 2021 is as follows: Freehold land at cost Building at cost Plant and equipment at cost Motor vehicles at cost Accumulated depreciation on 1 January 2021: Buildings Plant and equipment Motor vehicles Ordinary share capital 5% preference share capital Share premium Retained earnings as at 1 January 2021 Reserves Rental income Interim dividend - Ordinary Shares - Preference Shares Loan from BMMB 10% debentures Account Receivables Account Payables Sales Cost of sales Rental expenses Staff salaries Closing Inventories Cash at bank Debenture Interest Bank Loan Interest Administrative expenses Distribution costs Tax paid Dividend income Development cost RM 10,000,000 18,200,000 11,700,000 1,800,000 870,000 150,000 1,300,000 11,432,000 400,000 2,580,000 960,000 312,000 80,000 108,000 920,000 648,000 360,000 1,340,000 63,340,000 RM 1,320,000 1,980,000 440,000 20,000,000 6,000,000 3,600,000 5,780,000 380,000 280,000 1,740,000 1,600,000 1,440,000 18,540,000 240,000 63,340,000 3 Premium One Bhd, a trader of stationery, was incorporated in Malaysia with an authorized capital of RM200,000,000 consisting of 160,000,000 ordinary shares of RM1.00 each and 20,000,000 5% preference shares of RM2.00 each. The trial balance of Premium One Bhd for the year ended 31 December 2021 is as follows: Freehold land at cost Building at cost Plant and equipment at cost Motor vehicles at cost Accumulated depreciation on 1 January 2021: Buildings Plant and equipment Motor vehicles Ordinary share capital 5% preference share capital Share premium Retained earnings as at 1 January 2021 Reserves Rental income Interim dividend - Ordinary Shares - Preference Shares Loan from BMMB 10% debentures Account Receivables Account Payables Sales Cost of sales Rental expenses Staff salaries Closing Inventories Cash at bank Debenture Interest Bank Loan Interest Administrative expenses Distribution costs Tax paid Dividend income Development cost RM 10,000,000 18,200,000 11,700,000 1,800,000 870,000 150,000 1,300,000 11,432,000 400,000 2,580,000 960,000 312,000 80,000 108,000 920,000 648,000 360,000 1,340,000 63,340,000 RM 1,320,000 1,980,000 440,000 20,000,000 6,000,000 3,600,000 5,780,000 380,000 280,000 1,740,000 1,600,000 1,440,000 18,540,000 240,000 63,340,000 3

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STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 Revenue Rental inc... View the full answer