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Below is the Trial Balance of Lengthy Trading as at 31 December 2022: Additional information: i. Stocks on 31 December 2022 was RM45,360. ii. Fixed

image text in transcribed Below is the Trial Balance of Lengthy Trading as at 31 December 2022: Additional information: i. Stocks on 31 December 2022 was RM45,360. ii. Fixed assets are to be depreciated at 20% on cost. iii. Electricity charges payable as at 31 December 2022 was RM1,250. iv. Provision for doubtful debts is set at 2%. Required: a. Prepare the Statement of Comprehensive Income for the year ended 31 December 2022. (24 marks) b. Prepare the Statement of Financial Position as at 31 December 2022. (16 marks)

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