PART C: Finally, prepare the financial statement as follows: a. Statement of Comprehensive Income for the year ended 31/12/2020 b. Statement of Financial Position as at 31/12/2020 Question 3: Additional information: 1. Provision for depreciation is as follows: a. Vehicle 7% per annum (On cost) b. Furniture 5% per annum (On cost) 2. Provision for doubtful debts is 7%. 3. Electricity amounting RM250 had not been paid. 4. RM250 paid for rent is for next year. 5. There are RM450 dividend still not yet receive. 6. Office rental received in advance is RM280. 7. Closing inventory is as follows RM10,000 at cost. Question 4: Additional information: 1. Provision for depreciation is as follows: a. Vehicle 7% (Straight line method) b. Furniture 8% (Straight line method) 2. Provision for doubtful debts is 4%. 3. Electricity amounting RM500 had not been paid. 4. RM500 paid for rent is for next year. 5. There are RM200 dividend still not yet receive. 6. Office rental received in advance is RM500. 7. Closing inventory is RM12,000 at market price. PART C: Finally, prepare the financial statement as follows: a. Statement of Comprehensive Income for the year ended 31/12/2020 b. Statement of Financial Position as at 31/12/2020 Question 3: Additional information: 1. Provision for depreciation is as follows: a. Vehicle 7% per annum (On cost) b. Furniture 5% per annum (On cost) 2. Provision for doubtful debts is 7%. 3. Electricity amounting RM250 had not been paid. 4. RM250 paid for rent is for next year. 5. There are RM450 dividend still not yet receive. 6. Office rental received in advance is RM280. 7. Closing inventory is as follows RM10,000 at cost. Question 4: Additional information: 1. Provision for depreciation is as follows: a. Vehicle 7% (Straight line method) b. Furniture 8% (Straight line method) 2. Provision for doubtful debts is 4%. 3. Electricity amounting RM500 had not been paid. 4. RM500 paid for rent is for next year. 5. There are RM200 dividend still not yet receive. 6. Office rental received in advance is RM500. 7. Closing inventory is RM12,000 at market price