Dexter Loh owns a small business which sells stationeries. He does not keep records following the double$-$entry system. However, he is able to provide the following information for his business which started on $1$ April $2019.$

$\backslash$table$[[,1$ APRIL $2019,30$ MARCH $2020],[,$RM$,$RM$],[$Account receivable,$10,000,15,000],[$Inventory$,30,000,29,000],[$Motor Vehicles,$25,000,25,000],[$Fixture and Fittings,$12,000,12,000],[$Accounts Payable,$19,000,18,000]]$

ACC$4223$ FINANCIAL ACCOUNTING II

TUTORIALS

Summary of cash receipts and cash payments

$\backslash$table$[[$Receipts$,$RM$,$Payments,RM$],[$Balance $(1$ April $2019),4,000,$Salaries,$30,000],[$Sales$,90,000,$Sundry expenses,$5,000],[$Accounts receivable,$55,000,$Purchases,$45,000],[,,$Drawings,$6,000],[,,$Accounts Payable,$35,000]]$

Required:

a$)$ Prepare the statement of profit or loss for the year ending $31$ March $2020$ using the comparison method.

b$)$ Prepare the statement of affairs as at $31$ March $2020$ after deriving all missing relevant figures.