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 A: Below is the trial balance of Dayang Trading on 31 December 2020. Dayang Trading Trial Balance as at 31 December 2020 Debit Credit (RM) (RM) Motor vehicle 50,000 Furniture 10,000 Building 100,000 7,000 Opening inventory Debtors 11,000 Creditors 14,000 Provision for depreciation: -motor vehicle 5,000 -furniture 2,500 Provision for doubtful debts 400 Cash 7,000 Bank 60,000 Salary 2,500 Returns 500 1,000 Discount 600 900 Electricity and water 700 Rent 1,000 Sales and purchases 6,000 12,000 Capital 220,500 256,300 256,300 PART B: Question 1: Additional information: 1. Provision for depreciation is as follows: a. Vehicle 10% per annum (Straight line method) b. Furniture 7% per annum (Straight line method) 2. Provision for doubtful debts is 5%. 3. Electricity amounting RM200 had not been paid. 4. RM300 paid for rent is for next year. 5. There are RM500 dividend still not yet receive. 6. Office rental received in advance is RM200. 7. Closing inventory is as follows: a. At cost RM13,000 b. At market price RM11,000 Question 2: Additional information: 1. Provision for depreciation is as follows: a. Vehicle 12% per year (Straight line method) b. Furniture 5% per year (Straight line method) 2. Provision for doubtful debts is 6%. 3. Electricity amounting RM300 had not been paid. 4. RM400 paid for rent is for next year. 5. There are RM600 dividend still not yet receive. 6. Office rental received in advance is RM300. 7. Closing inventory is as follows: a. At cost RM12,000 b. At market price RM14,000