AutoSave Fic Home Insert Layout 12 Apr 2002 Set C.-Protected View Saved to this PC Mailings Draw Design References Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Page 1 of 3 370 words Test Predictions On azeezala sigmail.com Search (Ah- Comments Share x Enable Editing LC, a furniture trading company, extracted the following balances from its ledger on 31. December 2021 Purchases Sales RM 60,000 RM 210,500 Returna inwards 940 Carriage inwards 2,500 Inventory, 1 January 2021 20800 Salarice 60,300 Rent 80,000 Heating bills 5,000 Phone bills 5,400 Building 22,400 Computer 60.500 Printer 5,800 Accounts receivable 60,200 Accounts payable 110,530 Hotel expense 5,700 Capital 76,910 Cash in hand 400 Drawings 8.000 397940 397540 The following additional information as at 31 December 2021 is available: 2) Inventory was valued RM8,000 Required: Prepare an income statement for the year ended 31 December 2021 and the statement of financial position (balance sheet) as at 31 December 2021. (25 marks) C2 (4) Sales daybook (ii) Purchase daybook (iii) General ledger Describe each of the following (3 marks) (3 marks) (3 marks) Facun A 100%