QUESTION $1$A

As at May $31,2024$ Marko Consultancy & Engineering Services Limited had been in operation for seven $(7)$ years. Marko rents three $(3)$ commercial units at the Sunshine Village Industrial Complex in Negril for $$20,000$ per unit per month. Since August $1,2023$ he sub$-$lets one of the units to his primary sub$-$contractor, Rambo Built Frames for $$25,000$ per month.

Below is an extract of Mark

REQUIRED:

For the period under review, prepare:

a$.$ The Statement of Profit or Loss

$[33$ marks$]$

b$.$ The Statement of Financial Position

$[23$ marks$]$o$\text{'}$s trial balance for the year ended May $31,2024.$

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