Bangi Cycle Ltd, a manufacturer, produced the trial balance information for the year ended 31 July 2021. Machine (cost) RM 120,000 RM Provision for depreciation - Machine 43,200 (1 August 2020) Equipment (cost) 40,000 Account receivable and Account payable 26,000 17,600 Cash at bank 30,000 Cash in hand 5,000 Inventories (1 August 2020) 8,000 Long term liabilities 32,000 Drawings 1,200 Provision for doubtful debts (1 August 2020) 1,700 Capital 92,700 Purchases and Sales 35,000 81,700 Return inwards and Return outwards 2,400 2,320 Water and electricity bills Rental income Commission income Royalty expenses 1,200 8,500 2,400 2,800 Interest expenses Discount allowed Salary Bad debts Carriage inwards 3,000 1,200 5,000 400 320 Carriage outwards 600 282,120 282,120 The following information needs to be taken into account in the preparation of the final accounts: 1. Inventories as at the year-end was valued at RM12,000. 2. Royalty expenses paid cover up to September 2021. 3. Rental received for the amount of RM1,000 is still owed. 4. Provision for doubtful debts is to be adjusted at 5%. 5. Depreciation for the year ended 31 July 2021 has yet to be provided as follows: Equipment Machine -10% straight line method -20% reducing balance method Required: a) Prepare a Statement of Comprehensive Income for the year ended 31 July 2021. [15 Marks] b) Prepare a Statement of Financial Position as at 31 July 2021. [10 Marks]