QUESTION 5 (20 MARKS)

A Johny Enterprise a sole trader extracted the following trial balance from his books at the close The following is the trial balance of Copaiba Sdn Bhd as at 31 December 2021.

Particulars	Debit (RM)	Credit (RM)
Inventory as at 1 December 2020	5,000
Purchases and sale	22,500	150,400
Carriage Outwards	2,000
Return Outward		600
Wages and Salaries	2,200
Utility	1,800
Delivery cost	350
Discount allowed and discount received	750	500
Insurance	1,400
Duty Import	600
Building	100,000
Account receivable and account payable	40,000	13,000
Furniture and fittings	8,000
Cash in bank	15,000
Cash in hand	2,000
Drawing	900
Capital		38,000
	202,500	202,500

Additional information:

1. The closing inventory was RM6,500.

REQUIRED:

i. Prepare Statement of Comprehensive Income for the year ended 31 December 2021. (10 marks)

ii. Prepare Statement of Financial Position as at 31 December 2021.

(10 marks)