ASSIGNMENT 2 (202) The following trial balance has been extracted from the ledgers of Yummies Sdn. Bhd. as at 31 December 20 21 Trial balance of Yummies Sdn. Bhdasat 31 December 2021 Accounts Debit (RM) Credit (RM) Sales 123,311 Returns 6,341 1,902 Account receivablesandAccount payables 11,257 7,983 Office equipment (Cost) 10,000 Accumubted depreciation Office equipment 1,550 Motor vehicle (Cost) 17,500 Accumulated depreciation - Motor vehicle 3,500 Purchases 64,726 Inventoriesat 1 January 20 21 5,000 Carriage inwards Carriage outwards Maintenance expenses 1,349 Electricity 1,803 Wages and salaries 11,550 Rent 8,800 Stationery and postages 2,681 Cash at bank 14,797 Discount allowed and Discount received 5,652 3,765 Sales tax payable 1,325 Capital at 1 January 2021 4,200 Drawings 1,000 Long term loan 16,000 163,636 163,636 908 272 Additional information was obtained asat 31 December 2021: i. The value of the inventories on handat 31 December 2021 was RM5,700. ii. The wage of RM1,050 for December 2021 has not yet been entered into the ledgers. iii. The balance of the rent includes payment of rent for the one month of January 2022, amounting to RM1,200. iv. Following a review of account receivablesat the year end, it is decided that a bad debt of RM1,207 should be written off, anda provision for doubtfuldebt made of 2 per cent of account receivables. v. Office equipment is to be depreciated at 10 per cent per annum on cost, and motor vehicles aretobe depreciated at 20 per cent per annum on cost. vi. Loan interest of 10 per cent perannumisto be accrued. You are required to prepare the following for Yummies Sdn. Bhd.: a) Statement of Financial Position asat 31 December 2021 (show working capital). (10) (Total: 20)