Mr. Rameshs business does not keep proper business records. The summary of his business book entries is as follows: Descriptions 1 May 2019 30 April 2020 RM RM Account receivable 160,800 159,880 Prepaid insurance 2,400 2,280 Inventories 91,000 94,600 Account payable 91,200 91,360 Warehouse equipment 60,000 61,000 Accrued office expenses 1,400 1,720 Analysis on the cheque book, bank in slips and bank statements produced an account as follows: Bank Account RM RM Beginning balance ` 7,000 Cash purchases 1,830 Return outwards 350 Payment 62,208 Receivables 106,800 Return inwards 404 Cash sales 36,000 Rent expenses 11,422 Miscellaneous expenses 40,346 Office expenses 4,800 Warehouse equipment 6,000 Salesmens commission 18,212 Insurance 600 Ending balance 4,328 150,150 150,150 Additional information: Discount allowed and discount received throughout the year are RM3,500 and RM7,300, respectively. One of Mr Rameshs customers was declared bankrupt and this customer owed RM 900. BAA1163/IFAC1113/ACC1014 FINANCIAL ACCOUNTING 1/PRINCIPLES OF ACCOUNTING/ FE2021-1 BAA1163/IFAC1113/ACC1014 FINANCIAL ACCOUNTING 1/PRINCIPLES OF ACCOUNTING / FE Page 2 of 12 Based on the information given: a) PREPARE a Statement of Comprehensive Income for the year ended 30 April 2020. (25 marks) b) PREPARE a Statement of Financial Position as at 30 April 2020. (