Angkat Kaki Sdn Bhd was established by Mr. Orbi on 1 January 2013 selling Malaysian-made cosmetic products from natural ingredients. The company applied perpetual inventory system in recording their transactions and exercised credit terms of 3/10, n/45, FOB shipping point upon sales. The trial balance of the company was as follows: Cash Accounts receivable Merchandise inventory Capital, Orbi Retained earnings Accounts payable Total 3 5 7 10 15 Angkat Kaki Sdn. Bhd. Trial Balance as at 1 December 2017 16. 30 Debit (RM) Credit (RM) 50,500 The following transactions took place in the month of December 2017: Dec 2 15,200 34,000 99,700 40,000 29,200 30,500 99,700 Purchased merchandise of RM3,800, from Limah Enterprise, FOB shipping point, terms 5/15, n/30. The transportation cost paid was RM380. Orbi returned 30% of the merchandise purchased on 2 December that was expired. Sold merchandise to Cantique Sdn. Bhd, at RM8,600. The cost of the merchandise, RM3,200. The postage cost incurred was RM220. Sold merchandise for cash of RM7,000 and the cost was RM3,000. Made full payment to Limah Enterprise for purchases on 2 December. Sold merchandise to Aiman Ceria Sdn Bhd on credit. The listed price was RM30,000 and trade discount allowed was 18%. The cost of the merchandise was RM10,500. Received payment in full from Cantique Sdn. Bhd. Paid salary expense of RM3,300. REQUIRED: (a) (b) (c) Prepare journal entries for each transactions. Omit the explanations and show all workings. (15 Marks) Prepare the Comprehensive Income Statement for the year ended 31 December 2017. Show all workings. (4 Marks) Prepare the Statement of Financial Position as at 31 December 2017. Show all your workings. (6 Marks)