Question: Using the information given below, prepare a pro-forma balance sheet for the year ending 2006 for BAIZURA AND ANUAR Sdn Bhd. iv. V. Cash

Using the information given below, prepare a pro-forma balance sheet for the year ending 2006 for BAIZURA AND

Using the information given below, prepare a pro-forma balance sheet for the year ending 2006 for BAIZURA AND ANUAR Sdn Bhd. iv. V. Cash Account Receivable Inventories Fixed Assets Pattern Goodwill BAIZURA & ANUAR Sdn Bhd Balance Sheet as at 31 December 2005 (RM) Total Assets 2,780 3,600 5,700 12,000 2,000 800 Notes Payable Trade Creditors Account Payable Accruals Long Term Debt Common Shares Retained earnings 26,880 Total Liabilities and Equities Sales for 2005 were RM10,000 and it was expected to increase 50% in year 2006 Net income for 2005 was RM6,000 Dividend for shareholders in 2005 amounted to RM2,820 BAIZURA and ANUAR Sdn. Bhd is operating at full capacity All external financing are absorbed and met by long-term debt 5,780 1,000 3,220 3,200 4,330 5,500 3,850 26,880 (10 marks)

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