Based on the above information, you are required to: Prepare an adjusted Trial Balance as at 31 December 2021 ( 12 ) b) Prepare an Income Statement for the year ended 31 December 2021 (9) c) Prepare a Balance Sheet as at 31 December 2021 (9) [Total: 30 marks] [Total: 50 marks] Kejora Enterprise has operated since 1 January 2019. The following are the Trial Balance of Kejora Enterprise as at 31 December 2021: Account Credit (RM) Debit (RM) 185,000 152,000 24,000 228,000 45,000 34,000 226,000 104,000 II Cash Accounts receivable Prepaid insurance Inventory Office supplies Prepaid advertising Equipments Accumulated depreciation - Equipments Unearned sales revenue Accounts payable Bank loan Capital - Kejora Sales revenue Salaries expenses Rental expenses Utilities expenses Total 37,000 175,000 120,000 240,000 420,000 58,000 132,000 12,000 1,096,000 1,096,000 Additional information: 1) The straight-line method is used to depreciate equipment at a rate of ten per cent per year on an annual basis. 2) 3) At the end of the year, there is an RM25,000 balance in office supplies on hand. Rentals for the current year, totalling RM22,000, have not yet been paid in full. The RM33,000 salary due to employees for the month of December 2021 has not yet been paid. 4) 5) A RM3,500 utility bill for the month of December 2021 has been received, but it has not yet been paid. The prepaid advertising includes RM3,000 in advertising for the month of January 6) 2022. The amount of insurance coverage that has expired for the year 2021 is RM12,000. 7) 8) The total amount of interest accrued on the long-term loan until the end of the year 2021 is RM9,000. 3 Based on the above information, you are required to: a) Prepare an adjusted Trial Balance as at 31 December 2021 (12) b) Prepare an Income Statement for the year ended 31 December 2021 (9) c) Prepare a Balance Sheet as at 31 December 2021 (9) [Total: 30 marks] [Total: 50 marks]