ANSWERRRR ASAPPPPP PLEASEEEEE. ANSWER MUST BE TYPEDDDD

Sreva's Trader is a bakery owned by Madam Giwa. The following trial balance for her business as of 31 December 2020 was extracted from her books: RM RM 90,000 1,900 8,000 12,000 Additional Information: On 31 December 2020, there was: i. Inventory amounting to RM 76,000. ii. Interest on bank loan for half a year was unpaid. 111. Insurance expense included RM 200 which was for the next accounting period. 1V. Utilities estimated to be RM 320 was expected to be paid for December 2020, but the bills were not yet received. v. The owner took RM 1,000 of the goods from the shop for personal use. Vi. The owner withdrew cash of RM 600 for a dinner celebration with her family. 24,000 160,000 200,000 60,000 50,000 640,000 Inventory on 1 January 2020 Cash Bank Accounts receivable Accounts payable Capital on 1 January 2020 Shop premises Shop fittings 5 year 10% p.a. bank loan Sales Returns inwards Purchases Returns outwards Carriage inwards Carriage outwards Drawings Discount allowed Discount received Utilities expenses Insurance expenses Interest expenses Wages and salaries 6,000 440,000 4,000 vii. 800 1,000 1,200 400 Bank interest of RM 160 was estimated to be earned on the bank balances of the business, but this has not yet been received or recorded by the firm. It was decided to depreciate shop fittings at 10% per annum in straight line basis. viii. 1,200 By considering the additional information, you are required to PREPARE: 3,600 1,800 2,500 50.000 879,200 (a) Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2020 879.200 (10 marks) (b) Statement of Financial Position as of 31 December 2020 (15 marks)