Below is an unadjusted trial balance of Jaya Trading Bhd at 31 December 2019. Accounts Debit (RM) Credit (RM) Land 766,800 Buildings 1,372,680 Equipment 504,000 Accumulated depreciation - buildings 137,268 Accumulated depreciation - equipment 252.000 Patent 60,276 Inventory 551,950 Accounts receivable 109.658 Prepaid insurance 48,000 Cash 1,314,264 Share capital 878,765 Revaluation reserve 560,640 Translation of foreign operations reserve 263,160 Retained earnings 912.720 Deferred tax liability 21,600 Notes payable 194,400 Accounts payable 36.936 Sales revenue 2,238,180 Rent revenue 57,600 Gain on revaluation of properties 29,640 Gain on sale of land 109,560 Gain on translation of foreign operations 5,880 Cost of goods sold 856,152 Sales returns and allowance 1,176 Salaries and wages expenses 25,334 Office expense 14,086 Maintenance and repair expenses 11,953 Property tax expense 1.680 Income tax expense 60,340 5,698,349 5,698,349 Additional information: 1. Salaries and wages of RM18,000 are accrued and unpaid at 31 December 2019. 2. A tenant of an office space has not yet pay a rental for December 2019 amounting RM3,000 and this transaction has not yet been recorded. 3. The company returned defect merchandise bought from supplier and was refunded RM3,500 in cash. The company use perpetual inventory system and this transaction has not yet been recorded. 4. The company received RM35,000 in cash from a customer on 30 December 2019 and recorded as sales revenue. However, the company only managed to supply the merchandise on 3 January 2020. 5. The balance in the prepaid insurance account represents the cost of a one-year period insurance policy covering the period from 1 July 2019 to 30 June 2020. 6. Annual depreciation for building and equipment are based on straight line depreciation basis over a period of 50 years and 10 years respectively with no scrap value. 7. 30% of the notes payable is due next year. The note payable interest rate is 8% per annum. REQUIRED: (Round-up your answer to the nearest RM) (a) Journalise the adjusting entries on 31 December 2019. (You may omit the explanation) (6) Prepare a statement of Profit or Loss and Other Comprehensive Income for Jaya Trading Bhd for the year ended 31 December 2019 according to MFRS 101 Presentation of Financial Statements. (c) Prepare a Statement of Financial Position for Jaya Trading Bhd as at 31 December 2019 according to MFRS 101 Presentation of Financial Statements