Adam Kleen Enterprise Trial Balance 31-Dec-21 Accounts Debit Credit Balances Balances Cash 567,000 Account Receivable 180,875 Merchandise Inventory 404,813 Office Supplies 4,000 Sale Supplies 6,875 Pre-paid Insurance 72.975 Long-term Investment 193978 Office Equipment 288,750 Accum Depre. Office Equip 85,113 Delivery Van 378,875 Accum. Depre. - Delivery Van 151,125 Accounts Payable 329,275 Salaries Payable 10,625 Interest Payable 7,037 Unearned Revenue 19,350 Notes Payable 281,250 Capital, Mr. Adam 684,000 Withdrawal, Mr. Adam 27,500 Sales 929,387 Sales Returns and Allowances 3.525 Sales Discounts 7,928 Advertising Expense 30,800 Depre Expense-Office Equip 57,750 Depre. Expense Delivery Van 37,888 Del Van Repairs & 8,575 Maintenance Sale Salaries Expense 35,670 Sale Supplies Expense 8,560 Insurance Expense 15,600 Office Salaries Expense 25.550 Office Supplies Expense 5,680 Rental Expense 30,500 Utilities Expense 25,870 Interest Expense 28,125 2,497,662 2,497,662 Additional information: The following items are related to cash transactions throughout the year. Cash and cash equivalents as of 1 January 2021 was RM554,500. 1. Adam made a total cash withdrawal of RM27,500 in 2021. 2 AKE received cash RM10,000 from the disposal of an old van 3. An additional cash of RM150,000 was brought in by Adam to increase his stake in AKE 4 AKE bought a piece of land for finare operational expansion. A total amount of RM180,00 was paid by cash. 5. Total cash receipts and disbursements from business operation were RM315,000 and RM255,000 respectively. Sales 929,887 Sales Returns and Allowances 3,525 Sales Discounts 7,928 Advertising Expense 30,800 Depre. Expense-Office Equip 57,750 Depre. Expense Delivery Van 37,888 Del. Van Repairs & 8,575 Maintenance Sale Salaries Expense 85,670 Sale Supplies Expense 8,560 Insurance Expense 15,600 Office Salaries Expense 25.550 Office Supplies Expense 5,680 Rental Expense 30,500 Utilities Expense 25,870 Interest Expense 28.125 2,497,662 2,497,662 Additional information: The following items are related to cash transactions throughout the year. Cash and cash equivalents as of 1 January 2021 was RM554,500. 1. Adam made a total cash withdrawal of RM27,500 in 2021. 2 AKE received cash RM10,000 from the disposal of an old van An additional cash of RM150,000 was brought in by Adam to increase his stake in AKE. 4 AKE bought a piece of land for future operational expansion. A total amount of RM180,00 was paid by cash. 5. Total cash receipts and disbursements from business operation were RM315,000 and RM255,000 respectively. INSTRUCTIONS: 1. 2. Prepare the statement of profit or loss and other comprehensive income, statement of changes in owners' equity and statement of financial position for AKE based on the above unadjusted trial balance as of 31 December 2021 as well as the additional information Prepare Cash Account of AKE based on the above unadjusted trial balance as of 31 December 2021 and the above FIVE (5) additional information. Determine the cash balance as of 31 December 2021