1. Following is the trial balance of Upwards Enterprise: Trial Balance as at 31 March 2020 Debit Credit RM RM Rent 1,560 Insurance 305 Lighting and heating expenses 516 Motor expenses 1,960 Salaries and wages 4,850 Sales 35,600 Purchases 30,970 Sundry expenses 806 Motor vans Creditors Debtors 3,500 3,250 6,810 Fixtures 3,960 Buildings 28,000 Cash at bank 1,134 Drawings 6,278 Capital 51,799 90,649 90,649 Inventory as at 31 March 2020 was RM9, 960. You are required to: (a) Prepare an income statement for the year ended 31 March 2020. (b) Prepare a balance sheet as at 31 March 2020