J Wright, a sole trader, extracted the following trial balance from his books at the close of business on 31 March 2020.

Trial Balance as at 31 March 2020

	Debit (RM)	Credit (RM)
Purchases	61,420
Sales		127,245
Inventory as at 1 April 2019	7,940
Capital as at 1 April 2019		25,200
Bank overdraft		2,490
Cash	140
Discounts received		62
Discount allowed	2,480
Returns inwards	3,485
Return outwards		1,356
Carriage outwards	3,210
Rent and insurance	8,870
Allowance for doubtful debt		630
Fixtures and fittings	1,900
Van	5,600
Debtors and creditors	12,418
Creditors		11,400
Drawings	21,400
Wages and salaries	39,200
General office expenses	320
Total	168,383	168,383

The following additional information as at 31 March 2020 is available:

i. Wages and salaries was accrued by RM3,500.

ii. Rent prepaid was RM600.

iii. Recognised the allowance for doubtful debt for the year for RM110. The total provision of doubtful debts increased to RM740.

iv. Provide for depreciation as follows: fixtures and fittings RM190; van RM1,400

v. The closing inventory of the business valued at RM6,805.

Required:

Prepare an Income Statement for the year ended 31 March 2020

Prepare a Statement of Financial Position as at 31 March 2020