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Hi! Pls help me answer this question :) FUNDAMENTALS OF FINANCIAL ACCOUNTING dtion 13h owner of ARICO Trading has appointed you as an accounts derk

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FUNDAMENTALS OF FINANCIAL ACCOUNTING dtion 13h owner of ARICO Trading has appointed you as an accounts derk to help him gncke the financial statements of his business. Aril. ocial statements of his business Below is the Trial Balance of ARICO Trading as ong with some additional information: il, the owner March 20 RM) 42,540 73,230 7,845 8,400 672,000 18,780 221,400 16,800 Cash at bank Discounts received 33,675 Diwidend received 48,300 mport duties Insurance expenses interest on loan 7,596 3,150 44,070 7,200 750,000 Land and building 6% Loan from AEON Bank Motor van 240,000 159,600 147,150 Office equipment Accumulated depreciation: 33,300 43,860 7,560 14,250 Motor van Office equipment llowance for discount allowable llowance for doubtful debts Purchases Rent received Returns inwards Returns outwards 979,500 25,872 11,340 7,560 1,667 370 Commission received nventory as at 1 April 20x1 126,600 8,100 235,446 17,580 2,843,787 lages & salaries expenses & electricity expenses 2,843,787 CHAPTERS ADJUSTMENTS AND PREPARATION OF FINANCIAL STATEMENTS Additional information 1 Depreciation for the year were as follows: i Motor van 15% on cost per annum ii Office equipment 20% on cost per annum 2 Inventory on 31 March 20x2 was valued at RM91,800. 3 Only 50% of the interest on a loan had been paid for the year. 4 Delivery charges incurred amounting to RM13.500 (to send goods to out-station had been paid during the year, but no record had been made in the cash book 5 Debts of RM1,080 are to be written off as bad and the allowance for doubtful debtsis adiusted to 12% of outstanding debtors. Allowance for discount allowable is to be ad to be jasted to 10%. 6 Rent received amounting to RM1,500 is for April 20x2. 7 A telephone bill for RM11,700 was not yet paid. 8 Commission of RM10,500 is still not yet received. 9 The owner had taken RM2,430 worth of the goods for his daughter's party and had dran out RM12,000 from the business bank account for his personal use. No record had bee made in the books 10 On 1 April 20x1, ARICO Trading had withdrawn RM54,000 from the bank account and invested the amount in Saham Mesra Rakyat Bhd. As at 31 March 20x2, 496 dividend vu received. None of the transactions had been recorded in the books. Required A Prepare a statement of profit or loss and other comprehensive income for the year ended March 20x2. B Prepare the statement of financial position as at 31 March 20x2

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