3: (20 marks) The following is the trial balance of Tom Holland as at 31 January 2022: Debit RM Credit RM Drawings 25,000 Capital 300,000 Inventory at 1 Feb 2021 80,000 Sales and Purchases 278,000 476,000 Trade receivable 58,000 Trade payable 47,000 Discount 9,200 Cash at bank 175,000 Motor vehicles 140,400 Commission received 20,000 Office equipment 87,000 Bank loan 52,000 Returns outwards 500 Salaries and wages 46,600 Carriage inwards 1,300 Rental 13,400 904,700 904,700 Additional information: 1. The inventory at at 31 January 2022 was valued at RM55,000. 2. The bank loan are payable in 1 January 2025. 3. 10% of the salaries are paid for wages. Required: Prepare the following statement for Tom Holland: (a) Statement of profit or loss for the year ended 31 January 2022 (b) Statement of financial position as at 31 January 2022