On 1 June 2021, Ramlee started business as a jobbing gardener with a capital of RM2,000 in cash. A list of figures extracted from his records on 31 May 2022 shows the following:

                                                           RM

Purchases of seeds, plants, etc. 700

New motor van 1,100

Mowing machine 70

Cultivator 250

Motor van expenses 300

Rent of garage 200

Paid to wife for clerical work 500

Insurance 200

Private expenses paid from bank 1,500

Cash in hand and bank 180

Cash received from customers 3,000

Capital at the start of the year 2,000

Inventories of seeds, plants, etc. at the end of the year 100

You are required to prepare:

a) Income Statement for Ramlee for the year ended 31 May 2022.

b) Statement of financial position as at 31 May 2022.