A stock count was made and the inventory at year end was $243,000. Other information at 3 lst December included the following: (i) On lSt July, the company paid $6,000 for a 1-year re insurance plan. The coverage started immediately. The transaction was recorded. (ii) On 1St May, the company made a rental payment of $96,000 for 12 months' rent. It was debit to prepaid rent and credit cash. (iii) The bank loan carries an annual interest of 4%, payable every lst July. (iv) The company adopts the straight-line depreciation method for the equipment. The equipment was installed 2 years ago. It has a useful life of 20 years and no residual value. (v) On 12th October, the company received a letter from an unhappy customer claiming a compensation of $5,000 as a result of the loss of his income due to the poor performance of the company's product. (vii) On 23rd December, the company received a utilities bill amounting to $2,300. The bill was paid on 27\"1 December but the account clerk credit cash $2,300 and debit transport expense $2,300. Required (a) Prepare the Statement of Comprehensive Income of SU5 Pte. Ltd. for its nancial year ending 3lst December 2014 (b) Prepare the Statement of Financial Position for SU5 Pte. Ltd. as at 3 lst December 2014