2 The following unadjusted trial balance was presented to you to be completed in accordance with MFRS 101 Presentation of Financial Statements: Pandai Sokmo Berhad Unadjusted Trial Balance for the year ended 31 December 2021 Debit Credit RM RM Cash 72,200 Accounts receivable 26,000 Allowance for doubtful account 1,361 9% Notes receivable 49,600 Prepaid insurance 4,600 Property, plant and equipment (PPE) 583,000 Accumulated depreciation - PPE 98,000 Accounts payable 39,250 Unearned sales revenue 4,000 Notes payable-long term 30,000 10% Bond payable 70,000 Bond discount 2,800 7% 10,000 Preference shares 50,000 200,000 Ordinary shares 219,500 Retained earnings 51,589 Treasury shares, 1000 at cost RM3.50 3,500 Sales revenue 877,000 Sales return and allowance 38,750 Cost of goods sold 468,660 Selling and distribution expenses 61,560 Administrative expenses 92,160 Other operating expenses 37,870 1,440,700 1,440,700 The following adjustment information were available at 31 December 2021: 1. Expired insurance for the year is RM3,450. 2. The unearned sales revenue was for four months, collected in advance on 1 October 2021. The revenue is earned evenly over the four months. 3. The notes receivable reported on the trial balance is a 2-year note, dated 1 August 2021. Interest revenue on the note is accrued at year end. 4. The long-term notes payable bears interest at 12% per year. One year interest is accrued at year end. 5. On 1 January 2021, a new equipment was bought for RM19,000 in cash. The new equipment is depreciated on a straight-line basis over 4 years with an estimated residual value of RM2.400 6. It is the company's policy to provide depreciation annually on fixed assets held at the relevant year-end. Information on the company's property, plant and equipment assets as at 31 december 2021 were as follows: Assets Cost Date Rate Depreciation method RM acquired Buildings 500,000 1/1/2016 2% Straight line Equipment Equipment 64,000 19,000 1/1/2018 1/1/2021 25% 25% Straight line As in note (5) Required: a) Prepare a statement of comprehensive income for the company for the year ended 31 December 2021. b) Prepare a statement of changes in equity for the company for the year ended 31 December 2021. c) Prepare a statement of financial position of the company as at 31 December 2021