b$)$ Afif Enterprise has operated since $1$ January $2020.$ The following are the accounts' balances of Afif Enterprise as at $31$ December $2023$:

$\backslash$table$[[$Account$,$Balance $($RM$)],[$Cash$,18,500],[$Accounts receivable,$15,200],[$Prepaid insurance,$2,400],[$Inventory at $\frac{31}{12}\frac{?}{2023},22,800],[$Office supplies,$4,500],[$Prepaid advertising,$3,400],[$Furniture & fittings,$22,600],[$Accumulated Depreciation $-$ furniture & fittings,$10,400],[$Unearned Sales revenue,$3,700],[$Accounts payable,$17,500],[$Long term loan,$12,000],[$Capital $-$ Afif,$24,000],[$Sales revenue,$42,000],[$Salaries expenses,$],[$Repair expenses,$13,200],[$Utility expenses,$]]$

Below is the additional information that needs to be considered for adjustment:

Furniture and fittings are depreciated at a rate of $10$ per cent annually using the straight$-$line method.

The balance of office supplies on hand at the end of the year is RM$2,500.$

Rentals for the current year amounting to RM$2,200$ are not yet paid.

Employees' salary for December $2023$ for RM$3,300$ has not yet been paid.

Utility bill for December $2023$ for RM$350$ has been received but has not yet been paid.

Prepaid advertising includes RM$300$ for the January $2024$ advertisement.

Expired insurance for the year $2023$ is RM$1,200.$

Accrued interest on the long$-$term loan until $31$ December $2023$ is RM$900.$

Based on the above information, you are required to prepare:

a$)$ Income Statement for the year ended $31$ December $2023.$

b$)$ Balance Sheet as at $31$ December $2023.$