additional information :

$1.$ the inventory as on $31$ december $2021$ was valued at rm $54600$

$2.$ the owner of the business took goods worth rm $9300$ for personal use. no record has been made.

$3.$ total rates per annum is rm$4200.$ rates for four months ended $31$ december $2021$ were still unpaid

$4.$ additional bad debts of rm $2500$ is to be written off

$5.$ the allowance for doubtful debt is to be adjusted to $3\%$ on the outstanding debtors, while the allowance for discount allowable is to be provided at rm $900$

$6.$ the interest on long term loan at $5\%$ per annum had not been paid as on $31$ december $2021$

$7.$ rm $2000$ of the salaries and wages were paid in advanced.

$8.$ depreciation is to be provided as follow :

$$ motor vehicle : $20\%$ p$.$a in reducing balance method

$$ office equipment : $20\%$ p$.$a in straight line method

REQUIRED :

a$)$ prepare statement of profit or loss for the year ended $31$ december $2021.$

b$)$ prepare statement for the financial position for the year ended $31$ december $2021$