Below is the trial balance of Harith Haikal Enterprise as at 31 December 2021.

Harith Haikal
Trial Balance As at 31 December 2021
				Dr RM	Cr RM
Sales and purchases				2,142,000	5,650,000
Returns				98,700	44,600
Carriage inwards				128,400
Import duty on purchases				78,200
Discounts				23,800	16,800
Interest				1,900	840
Rentals				36,000	12,000
Salary and wages				236,000
Insurance				6,000
Stationeries				5,600
Electricity and water				18,000
Telephone and internet				14,300
Advertisement				28,000
Depreciation for the year
- Plant and machinery				20,000
- Furniture and fittings				6,000
Land and building				2,200,000
Plant and machinery				100,000
Furniture and fittings				60,000
Accumulated depreciation (31 December 2021)
- Plant and machinery					40,000
- Furniture and fittings					30,000
Inventory (1 January 2021)				120,800
Receivables and payables				680,000	126,000
Cash at bank					4,800
Cash in hand				123,600
Accruals and prepayments				48,440	10,700
Long term loan					50,000
Capital					200,000
Drawings				10,000
				6,185,740	6,185,740

Closing inventory as at 31 December 2021

RM128,000

Required:

1. Statement of Profit and Loss for the year ended 31 December 2021
2. Statement of Financial Position as at 31 December 2021