1. The following balances are extracted from the books of Syarikat Hijau, a sole proprietorship: Debit (RM) Credit (RM) Sales 44,100 Purchases 18,000 Salaries 2,800 Motor expenses 11,500 Rent and business rates 1,500 Insurance - Building 925 Motor vehicle 1,480 Motor vehicle 12,500 Fixtures 21,600 Accumulated depreciation - Motor vehicle 5,000 Accumulated depreciation - Fixtures 12,960 Cash on hand 1,000 Bank 15,455 Drawings 14,800 Loan 18,000 Capital 24,000 Trade receivables 14,500 Trade payables 12,000 116,060 116,060 Additional information i. Inventory on 31 December 2016 was estimated at RM3,700 ii. Prepaid motor insurance is for a 12-month policy purchased on 1 April 2016 by cash. iii. Accrued interest is estimated at RM1,800. iv. The owner has taken goods for RM800 and cheque of RM1,000 from business for personal use. This has not been reflected in the books. v. Debts amounting RM500 to be written off against specific customer and provision for doubtful debt is adjusted to 2% of the revised trade receivable balance. Required: Prepare the following statements: i) Statement of profit or loss and other comprehensive income for the year ended 31 December 2016. (15 marks) ii) Statement of financial position as at that date. (15 marks)