2. Encik Azizi operates a mini market known as AZ Mini Market. Given below is the trial balance of the business as at 30 September 20x2. AZ Mini Market Trial Balance as at 30 September 20X2 Debit Credit (RM) (RM) Motor vehicles (cost RM12,000) 8,000 Salary 10,000 Inventory as at 1 October 20X1 5,500 Wages 14,000 Purchases and sales 35,800 96,800 Capital 115,100 Rent received 600 Insurance 4,500 Motor vehicle maintenance 3,000 Allowance for doubtful debts 400 Freehold land 35,000 Loan from BCB Bank 30,000 Accounts receivable and accounts payable 9,000 3,800 Foxtures and fittings (cost RM15,000) 7,600 Cash at bank 19,800 Interest on loan 1,500 Drawings Office supplies 2,700 1,800 Machinery (cost RM120,000 Duty on purchases Telephone, water and electricity Carriage outwards Carriage inwards Discount allowed and discount received 88,000 1,500 600 2,000 500 700 3,600 Commission received 1,200 251,500 251,500 Additional information to be taken into consideration la) Inventory as at 30 September 20x2 was RMB.700. (b) Depreciation: 10% on cost Machinery Motor vehicles 10 % on carrying value Fixtures and fittings- 5 % on cost (c) Part of the building was rented out for RM200 per month. As at 30 Septembe 20X2, two months' rental was yet to be received. (d) Encik Azizi purchased a fire insurance policy on 1 June 20X2. The amount in the insurance account equates to insurance premiums for nine months. (e) Allowance for doubtful debts amounting to 6% of accounts receivable has to be provided. (f) Goods worth RM500 and RM500 cash were taken by Encik Azizi for his owe use. No records were made in the accounts. (g) The telephone bill for the month of September 20X2 amounting to RM180 was not yet paid. You are required to prepare the following: () Statement of profit or loss for the year ended 30 September 20X2. (ii) Statement of financial position as at that date