$y^y$

TUTORIAL CHAPTER $7$

QUESTION $1(12$ MARKS$)$

Using the information given below, prepare Pro$-$Forma Balance Sheet as at ${31}^{st}$ December $2013$ for Pearl Imada Inc.

Pearl Imada Inc.

Balance sheet As At ${31}^{st}$ December $2012($RM$\text{'}000)$

Other information:

j$)$ Sales for $2012$ were RM$30,000,000$ and it is expected to increased to RM$45,000,000$ in year $2013.$

ii$)$ Net income for $2012$ was RM$4,500,000$

iii$)$ Dividend paid in $2012$ was RM$2,025,000$

iv$)$ The company is operating at full capacity