2. Following is the trial balance of Jacey Enterprise: Trial Balance as at 31 December 2020 Debit Credit RM RM Sales 28,794 Purchases 23,803 Rent 854 Lighting and heating expenses 422 Salaries and Wages 3,164 Insurance 105 Buildings Fixtures Debtors 50,000 1,000 3,166 Sundry expenses 506 Creditors 1,206 Cash at bank 3,847 Drawings 2,400 Motor vans 5,500 Motor running expenses 1,133 Capital 65,900 95,900 95,900 Inventory as at 31 December 2020 was RM 4,166. You are required to: (a) Prepare an income statement for the year ended 31 December 2020. (b) Prepare a balance sheet as at 31 December 2020