Abhinav is a trader and drew up the following trial balance as at 30 June 2021:

DEBIT (RM)	CREDIT (RM)
Purchases and sales	701,000	820,000
Inventory 1 July 2020	186,000
Capital 1 July 2020	540,000
Cash at bank	18,800
Drawings	13,000
Carriage inwards	4,000
Carriage outwards	15,000
Premises	300,000
Rent and rates	12,000
Fixtures	40,000
Stationery	1,500
Commission received	17,100
Trade receivable and payable	138,500	95,000
Insurance	3,900
Salaries and wages	103,000
Telephone	3,400
Motor expenses	5,000
Returns inwards and outwards	1,000	4,000
Short term loan	70,000
1,546,100	1,546,100

Inventory at 30 June 2021 was valued RM201,000.

(a) Draft an income statement for the year ended 30 June 2021 for Abhinav. (20 marks)

(b) Draw up a balance sheet for Abhinav as at 30 June 2021.