Golden Pictures is currently preparing a final account for their drama project called "Titian Sirat". After paying their actors and actresses, the producer is busy preparing the project SOPL and SOFP based on the following information;

Golden Pictures

Trial Balance

As at $31$ December $2023$

$\backslash$table$[[,$RM$,$RM$],[$Capital$,,100,000],[$Sales and Purchases,$43,170,166,947],[$Returns$,2,473,1,935],[$Carriage inwards,$3,083,],[$Carriage outwards,$7,007,],[$Discounts$,10,284,9,846],[$Interest$,1,200,854],[$Commission$,1,354,900],[$Rental$,24,000,4,000],[$Salary for actors,$48,000,],[$Wages for crews,$21,450,],[$Stationeries$,976,],[$Postage and Couriers,$1,423,],[$Advertising$,14,200,],[$Insurance$,2,172,],[$Bad debts,$2,000,],[$Motor vehicle,$80,000,],[$Machinery$,30,000,],[$Inventory as at $1$ January $2023,10,048,],[$Receivables and Payables,$28,558,15,876],[$Cash at bank,,$7,900],[$Cash in hand,$1,860,],[$Term Loan,,$25,000],[333,258,333,258]]$

Additional notes:

a$.$ Inventory as at $31$ December $2023$ is RM$12,310$

b$.$ Depreciation for motor vehicle is to be provided at $20\%$ at cost$.$

c$.$ Depreciation for machine is $25\%$ on a reducing balance method.

d$.$ Rental expenses and insurance were accrued for RM$6,000$ and RM$328$ respectively.

e$.$ Advertising and stationeries were prepaid by RM$200$ and RM$76.$

f$.$ Provision for doubtful debts is to be provided at $5\%$ from the net accounts receivables.

Required:

Prepare final accounts consist of Statement of Profit and Loss for the year ended $31$ December $2023$ and Statement of Financial Position as at $31$ December $2023.$