ABC Company, a sole trader, extracted the following Trial balance from his books at the close of business on 31* DECEMBER 2019. Dr Cr RM RM 61,420 127.245 7.940 Purchases and Sales Stock 1 Jan 2019 Capital 1 Jan 2019 Bank overdraft 25,200 2.490 Cash 140 Discounts 2.418 3,486 1.356 Return inwards Return outwards Carriage outwards Rent and insurance 3.210 8.870 2 1.900 5,600 11.788 11,400 Furniture and fittings Motor Vehicle Accounts Receivable and Accounts Payable Drawings Wages and salaries General office expenses 21,400 39.200 319 167.691 167,691 REQUIRED a) Prepare the Statement of Profit Loss and Comprehensive Income for the year ended 31* December 2019 b) Prepare the Financial Position as at 31 December 2019