Statement of Comprehensive Income for the year ended 31 December 2023 Statement of Financial Position as at 31 December 2023 RM Sale Less: return outward Net Sale Cost of Goods Sold Opening inventory 120,000 Purchases 173,000 293,000 RM RM RM Non-Current 430,000 Asset 30,000 Building 203,200 400,000 Current Asset Bank 76,000 Account receivable 52,000 Inventories 70,000 198,000 401,200 Less: Closing inventory 70,000 223,000 Long term Gross profit 177,000 liabilities Less: Loan from Sabah Expenses 110,000 Bank 69,000 Net Profit 67,000 Current liabilities Account payable 18,400 Accrual expenses 5,000 23,400 Owner's equity: Capital 281,800 Net Profit 67,000 Less: Drawing 40,000 308,800 401,200