Lulus Cemerlang Sdn$.$ Bhd$.$ has been in business for five years. It closes its accounts on $30$ September each year. Below is the company's unadjusted trial balance as at $30$ September $2022$:

Trial Balance as at $30$ September $2022$

$\backslash$table$[[,$Note,Debit RM$,$Credit RM$],[$Property$,$ plant and equipment $($PPE$),1,1,850,000,],[$Accumulated depreciation of PPE,$1,,455,000],[$Intangible assets,$2,250,000,],[$Accumulated amortisation of intangibles,$2,,100,000],[$Inventories$,3,368,700,],[$Trade receivables,$4,331,000,],[$Allowance for doubtful accounts,$5,,14,600],[$Cash and cash equivalents,,$382,200,],[$Trade payables,,,$299,100],[6\%$ Note payable,$6,,80,000],[$Loan from bank,,,$500,000],[$Unearned revenue,$7,,58,500],[$Prepaid expenses,$8,40,800,],[$Sales revenue,,,$2,792,400],[$Cost of sales,,$1,176,600,],[$Administrative expenses,,$823,500,],[$Distribution expenses,,$383,400,],[$Finance costs,,$22,900,],[$Income tax expense,,$58,700,],[$Ordinary share capital,$9,,800,000],[$Retained earnings,,,$428,200],[$Revaluation reserve,,,$160,000],[,,5,687,800,5,687,800]]$

Notes to the account:

Included in property, plant and equipment $($PPE$)$ is freehold land of RM$1\mathrm{.}2$ million. The freehold land is not depreciated but revalued at its fair value. At the end of financial year $2022,$ the freehold land was revalued to RM$1\mathrm{.}5$ million.

Other PPE are measured at cost less accumulated depreciation. The company's policy is to depreciate other PPE at the rate of $20\%$ using straight$-$line method, with zero residual value, on month$-$to$-$month basis.

On $1$ September $2022,$ an item of other PPE was traded$-$in for a new one. The disposed PPE was purchased on $1$ May $2019$ at the cost of RM$90,000.$ The cost of the new PPE was RM$150,000.$ The agreed trade$-$in value was RM$18,000.$

$2.$ Intangible assets are measured at cost less accumulated amortisation. The company's policy is to amortised intangible assets using straight$-$line method over a useful life of ten years, on yearly basis. All intangible assets are expected to have zero residual value.

$3.$ The closing inventories have a net realisable value of RM$352,600.$

$4.$ After various attempts to collect overdue receivables, the company decided to write$-$off RM$27,000$ of the trade receivables.

A payment of RM$15,000$ was received from another trade debtor whose account was written off two years ago.

$5.$ Allowance for doubtful accounts is expected to be $5\%$ of the remaining trade receivables.

$6.$ The $6\%$ note payable was signed on $1$ August $2022$ and will mature on $31$ January $2023.$ Full amount, together with interest, is payable at maturity.

$7.$ RM$25,700$ of the unearned revenue has been earned.

$8.$ Prepaid expenses are for office rental paid for a period of twelve months commencing $1$ January $2022.$

$9.$ Ordinary dividend approved and declared during the year is RM$85,000.$ Payment will be made in February $2023.$

Required:

a$)$ Journalise ONLY the transactions for $(1)$ and $(5)$ above.

b$)$ Prepare for Lulus Cemerlang Sdn$.$ Bhd$.,$ the Statement of Profit or Loss and Other Comprehensive Income and the Statement of Changes in Equity for the year ended $30$ September $2022,$ and the Statement of Financial Position as at that date.

$(20$ marks$)$

Note: Show all necessary workings.s