Answer the following question: The following is the trial balance of MK Traders for the year ended 2021. Particular Sales RM 330,000 Purchases 50,000 Rent expenses Wages and salaries Utilities expense Inventory as at 31st December, 2021 Account receivables 20,000 5,500 40,000 9,000 700 Insurance expense 800 Stationery 400 Discount received 500 Inventory as at 1st December 2021 8,000 Interest on loan 200 Land and building 80,400 Truck 40,000 Accumulated depreciation-Truck 3,500 Cash 75.000 Capital 80,000 Furniture 25.000 Accumulated depreciation- furniture Account payable 5,000 40,000 Bank loan 20.000 Investment 25,000 Tax rate is 24% Required: Prepare the Statement of profit or loss for the year ended 31 December 2021.