Bold Enterprise Trial Balance as at 31 December 2021 Debit Credit (RM) (RM) Capital 312,940 Account receivables 160,000 Account payables 112,000 Land and building 248,000 Stock as at 1 January 2021 30.800 Loan from Bank 190,000 Purchases 115.000 Sales 180,600 Carriage inwards 2,040 Carriage outwards 2,200 Salaries expenses 20,000 Cash at bank 22,400 Discounts 400 500 Van 180,000 Insurance 1,000 Utilities 2,000 Rent received 8,000 Bad debts 1,200 Interest on loan 19,000 Total 804,040 804,040 The following adjustments need to be considered: i. Depreciation is to be provided for as follows: a) Land and building - RM 2,480 b) Van - RM 18,000 ii. Stock as at 31 December 2021 was valued RM 22,400. iii. The accrued salaries was RM 5,000. iv. Prepaid insurance was RM 150. Required: a. Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2021. b. Statement of Financial Position as at 31 December 2021. CS Scanned with CamScanner