$2360 1.720 1. The following trial balance has been extracted from the lodger of Hensen, a sole trader as at 31 December 2016, end of his most recent financial year. Hensen Trial Balance as at 31 Deather 2016 Debit Credit CRM (RM) Property (col) 150.000 Equipment cost) Provision for depreciation ( 1 January 2016 Property 15.000 Equipment 35.000 Sack, as aty 2016 15.000 Purchase 399.000 Sales 455.000 Discount allowed and received 3320 4420 Wages and sales Had dates Leonist 1.500 Carriage outward 8.310 Other operating expenses 38 800 Trade receivable 46.00 Trade payable 33.600 Provision for doubtfuldebts 330 Cash on hand 250 Bank everdan 14.00 Dessings 26.930 13 12.000 Capitalas atawy 2016 193.00 799.00 79.00 2. Additional information as at 31 December 2016 is available: a. Stock as at 31 December 2016 was valued at RM36,000 b. Depreciation for the year ending 31 December 2016 has yet to be provided as follows: Property - 1% using straight line method Equipment -15% using reducing balance method c. Wages and salaries are accrued by RM250 d. Other operating expenses include certain expenses prepaid by RM600 and accrued by RM400 c. Provision for bad debts is to be adjusted to 0.5% (0.005) of trade receivable as at 31 December 2016. f. Purchase includes goods valued at RM3,200 which were withdrawn by Mr Hensen for his personal use. g. A provision is to be made for loan interest Required Prepare the Income Statement for the year ending 31 December 2016 and a Statement of Financial Position as at that date. Submit your answer using the options below. 8. Attach File