Please prepare income statement and balance sheet with the additional information given.

A Sole Trader Trial Balance as at 31 December 2018 Debit RM000 Credit RMOOO 20 1657 20 105 50 45 65 750 475 100 130 Interest income Revenue Water and electricity expenses Salaries and wages Carriage outwards Insurance inventories @ 01 January 2018 Property, plant and equipment Motor Vehicle Accumulated depreciation @1 January 2018 Property, plant and equipment Motor Vehicle Cash at bank Capital @ 01 January 2018 Prepayment Drawings Payables Allowance for receivable @ 1 January 2019 Carriage inwards Purchases Bank overdraft Advertising Transport and travelling Rental Discount received Irrecoverable debt Interest payable Receivables Bank Loan 50 500 25 80 110 3 75 800 75 55 25 130 10 10 5 150 300 2910 2910 1. Inventory at the year end at cost is RM70,000, it was told that the inventory can be sold at RM75,000 at expenses RM4,995 2. Rental accrued at the yearend RM5,500 has not been recorded 3. salaries and wages are prepaid by RM3,000 4. the Allowance for receivable is provided at 3% 5. Depreciation policy of the company are as follows Property, plant and equipment 10% p.a at cost Motor vehicle 10% p.a at the reducing balance method 6. Machine was disposed of for RM45,000. The original cost and the net book value of the machine were RM90,000 and RM42,000 respectively