Find Profit and loss statement and financial position.

The following balances were extracted from the books of Mr. Tally, a sole trader, at 31 December 2020. Additional information: i) Stock on 31 December 2020 was valued at R.M8.230. ii) Ltilities expenses, RM986 were accrued. ii) Advertising expenses, FMM 56 were prepad. iv) Fixtures \& Fittings are to be depreciated csing the staight line method at 10% per annum. y) Depreciation on the ofrice equipment at 20% per atrum using the diminishing balance The following balances were extracted from the books of Mr. Tally, a sole trader, at 31 December 2020. Additional information: i) Stock on 31 December 2020 was valued at R.M8.230. ii) Ltilities expenses, RM986 were accrued. ii) Advertising expenses, FMM 56 were prepad. iv) Fixtures \& Fittings are to be depreciated csing the staight line method at 10% per annum. y) Depreciation on the ofrice equipment at 20% per atrum using the diminishing balance