Danial Razali is the only shareholder of DR Arts, a photography business at Saujana Impian. At 31 December 2019, DR Arts had the following information. RM Equipment 40.800 Accounts receivable 6,400 Cash 14,950 2-year loan 15,000 Accounts payable 1,500 Share capital 40,000 Retained earnings 3,300 Service revenue 18.000 Operating expenses 11,600 Finance cost 1,050 Income tax expense 1,200 Dividend 1.800 Required: 1) Prepare a statement of profit or loss for the year ended 31 December 2019. 2) Prepare a statement of changes in equity for the year ended 31 December 2019