Additional information: 159,420 159,420 1. Stock as at 30 June 2014 is RM2,270. 2. Mr John, one of the debtors is declared bankrupt and the amount owed by him of RM100 is treated as bad debt. 3. 4. The allowance for doubtful debt for the current year is calculated at 10% on net debtors. Drawings of goods RM300 from the owner has not been recorded in the book. 5. 6. 7. The bank loan was received on 1 January 2014 and interest on loan is at 8% per annum. Depreciation is to be provided as follows: Motor vehicles Fixtures and fittings 20% per annum on cost 15% on net book value Utilities amounted to RM120 is still outstanding during the year end. 8. Monthly salaries paid to a worker is RM1,000. You are required to prepare: (a) Statement of Profit or loss for the year ended 30 June 2014 and; (b) Statement of Financial Position as at 30 June 2014.