Mz. Azmah, who runs Cara Enterprise had the following balances extracted from the books of the business on 31 December 2020.

Additional information:

1. Closing inventory were valued at RM5,500.
2. Ms Azmah took goods worth RM200 for her private use which has not been accounted for in the book.
3. Provision for doubtful debts is estimated to be at 5% of account receivable.
4. Depreciate fixtures and fittings at 10% per annum and office equipment at 15% per annum on cost using straight line method.
5. Electricity expenses owing was RM250.
6. RM100 of the insurance expense was insurance for the next accounting period.

Required:

1. Prepare a Statement of Comprehensive Income the year ended 31 December 2020.
2. Prepare a Statement of Financial Position as at 31 December 2020.

Dr (RM) Cr (RM) 75,000 2,700 8,000 6,300 60,000 3,450 9,000 500 11,350 400 40,000 Sales Commission received Wages Account receivable Building Bank Fixtures and fittings Rent revenue Office equipment Return inwards Purchases Return outwards Insurance Drawing Account payable Electricity Import duty Carriage inwards Loan Interest received Interest on loan Opening stock Capital 300 600 700 3,200 900 400 300 20,000 2,000 1,200 4,000 36,000 143,150 143,150