Mini Monitors Ltd. is in the retail business of computer accessories. The following unadjusted trial balance as at 31 December 2016 is provided: Mini Monitors Ltd Unadjusted Trial Balance as at 31 December 2016 Debit (RM) Credit (RM) Bank Balance 208,900 Trade Receivables and Trade Payables 38,100 17,200 Inventory, 1 January 2016 14,200 Capital 167,100 Office Equipment, at cost 20,000 Accumulated Depreciation-Office Equipment 4,000 Purchases and Sales 75,650 220,010 Sales Return & Purchases Return 3,000 450 Provision for Doubtful Debts 1,000 Salary Expense 35,900 Rent Expense 12,000 General Expense 2,010 409,760 409,760 The following additional information were provided as at 31 December 2016: Rental of RM1,000 was prepaid. Salaries of RM4,000 remained accrued. General expense of RM800 is accrued. Office equipment was depreciated at 10% per annum based on the straight-line method of depreciation. Provision for doubtful debts is to be increased to RM2,100. Inventory on hand as at 31 December 2016 was RM7,900. ACC1103 (F) / Page 2 of 5 Required: a) Prepare the Statement of Comprehensive Income for Mini Monitors Ltd for the year ended 31 December 2016. (14 marks) b) Prepare the Statement of Financial Position for Mini Monitors Ltd as at 31 December 2016. (11 marks)