Question: Please help me i will give good rating The Creative Enterprise (CE) is a sole proprietorship owned by Miss Carol which has been in operation
Please help me i will give good rating


The Creative Enterprise (CE) is a sole proprietorship owned by Miss Carol which has been in operation for a year. Miss Carol has kept track of her transactions and wishes to know whether she earned a profit. The following is the balance of the accounts for the year ended 31 December 2C Additional information: 1. Depreciation is to be provided as follows: i. Motor vehicles at 20% per annum on straight-line method. ii. Furniture at 15% per annum on straight-line method. 2. Interest on the loan was charged at 5% per annum and office rental is RM2,500 per month. 3. Accrued interest received as of the date is RM520. 4. Physical count of the inventory at the end of the period amounted to a value of RM35,000. 5. On 31 December 2021, Miss Carol took out goods for personal use amounting to RM3,800 and there is no record made in any books of accounts. Required: a) Calculate the bank balance for the year ended 31 December 2021. b) Prepare CE's Income Statement for the year ended 31 December 2021. c) Prepare CE's Statement of Financial Position (Balance Sheet) as at 31 December 2021
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