Below is the Trial Balance of Connaught Sdn. Bhd. as at 31 August 2021. RM Connaught Sdn. Bhd. Trial Balance as at 31 August 2021 RM General expenses 305 Business rates 2,400 Motor expenses 910 Salaries 39,560 Insurance 1,240 Purchases 121,040 Sales Motor vehicle 4,300 Accounts payable Accounts receivables 21,080 Premises 53,000 Cash at bank 2,715 Cash in hand 325 Capital Drawings 23,400 270,275 235,812 11,200 23,263 270,275 Additional Information: (1) Motor vehicle is depreciated at 10% on straight line basis. The scrap value for motor vehicle is RM300. (ii) Allowance for doubtful debt for the year was created at 5% of accounts receivables. (ii) Insurance expenses was paid for one year on March 2021. (iv) Closing stock was RM14,486 Required: Prepare the following by showing all workings for Connaught Sdn. Bhd. (a) Statement of Profit or Loss for the year ended 31 August 2021. (11 marks) (b)Statement of Financial Position as at 31 August 2021. (14 marks) ITotal: 25 Marks