3.Encik Rashid owns an established mini market in Taman PKNK, Alor Setar named Untung Mini Market. The following data for Untung Mini Market, are taken from the ledger after adjustments on December 31, 2019 the end of the fiscal year. As a newly hired account clerk, you are required to prepare these statements according to the current practice in Malaysia:

(a) a Multiple-Step Statement of Statement of Profit or Loss and Other Comprehensive Income,

(b) a Statement of Changes in Equity, and

(c) a Statement of Financial Position.

Account

RM

Accounts Payable

97,200

Accounts Receivable

64,300

Accumulated Depreciation - Office Equipment

72,750

Accumulated Depreciation - Store Equipment

162,100

Administrative Expenses

56,500

Cash

53,000

Cost of Merchandise Sold

121,700

Encik Rashid, Capital

81,750

Encik Rashid, Drawing

52,000

Interest Expense

12,000

Merchandise Inventory

93,250

Notes Payable, Due 2022

154,000

Office Equipment

149,750

Prepaid Insurance

6,500

Rent Revenue

17,500

Salaries Payable

28,700

Sales

401,700

Sales Discounts

12,200

Sales Returns and Allowances

24,000

Selling Expenses

41,500

Store Equipment

325,000

Supplies

4,000