FA 1. a 4. ABC AaBI ABC Aa Bbc - -- |- BAX Q 10 Pipon a funding commended the following balances from its leder 31 December 2017 IM M Debu Credi Purchase Sales 64,000 730 900 Returns outware Romanian 3.920 4.100 Delivery truck 52.100 Curriage outwarde 9.100 Inventory, 1 Janar 2017 70,000 Computer 5.800 Cash at bank 32.100 Salaries de 82.300 Rendite 87.000 Electity bills 5.500 Phone and fax bills 4.400 Display furniture Accounts receivable 24.100 Accounts payable 73,410 Motor spent 4300 Capital Copening balance) 281,970 Cash in and 2,400 Drawings 33.000 1,090.00 1.090,200 The following additional information as at 31 December 2017 is available a) Inventory was valued RM265.000 Required: Prepare an income statement for the year ended 31 December 2017, and (12) the statement of financial position (balance sheet) as at that date 20.200