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QUESTION 2 (20 Marks) 21) Table 2 1 shows a financial statement for Syarikat Sinar...

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QUESTION 2 (20 Marks) 21) Table 2 1 shows a financial statement for Syarikat Sinar Sdn Bhd Table 2.1 Financial statement for Syarikat Sinar Sdn Bhd Stock on 1 Jan 2016 Stock on 31-Dec 2016 Purchase Rent paid Cash Overdraft Capital Salaries and wages Machinerics Comision paid Sales of finished products Insurance Debtors Creditors Utilities Bank Withdrawals Depreciation allocation 5000 3600 100000 30400 4000 9100 100000 40000 70000 3000 250000 8000 10000 4000 3300 50200 20000 2800 Note Assume that the data is adequate for calculation SKMM 4823 Additional information is that depreciation occurs 2% for fixed asset every year 28% of tax will be paid and it is agreed that 10% dividend will be distributed to the shareholders You are required to a) Construct a suitable account to find the retained profit for the company (5 marks) b) Construct a Balance Sheet for the company

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