3. Following is the trial balance of J & J Enterprise : Credit RM 28.794 Trial Balance as at 31 December 2020 Debit RM Sales Purchases 23,803 Rent 854 Lighting and heating expenses 422 Salaries and Wages 3,164 Insurance 105 Buildings 50.000 Fixtures 1.000 Debtors 3.166 Sundry expenses 506 Creditors Cash at bank 3,847 Drawings 2.400 Motor vans 5.500 Motor running expenses 1.133 Capital 1,206 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 20 Marks b) Prepare a balance sheet as at 31 December 2020 10 Marks