please help me

High Berhad has authorized share capital of RM2,000,000 made up of 400,000 8% preference shares and 800,000 ordinary shares. The following were the balances in the company's ledger as at 31 December 2020. Debit (RM) Credit RM) Sales 1,206,000 Cost of sales 908,940 8% debentures 45,000 Ordinary shares 560,000 8% Preference shares 150,000 Inventory 39,200 Wages and salaries 57,080 Director's remuneration 3,800 Debenture interest paid 1,800 Investment income (net) 6,300 Freehold land (cost) 732,800 Plant and machinery (cost) 170,000 Motor vehicle (cost) 50,000 Investment 45,000 Preliminary expenses (non-current assets) 10,000 Retained profit (1 January 2020) 78,500 Bank 29,920 Provision for doubtful debts 1,800 Tax paid 15,000 Interim preference dividend 4,320 Interim ordinary dividend 3,000 Provision for depreciation (1 January 2020) Plant and machinery 20,800 Motor vehicles 21,000 Account Receivables and Account Payables 44,900 26,360 2,115,760 2,115,760 The following additional information has not been taken into accounts: 1. The net realizable value of the inventory at the end of the year was RM40,000. 2. Depreciation is to be provided for the assets as follows: Plant and machinery at 10% on cost Motor vehicles at 20% on net book value 3. The provision for doubtful debts for the year ended 31 December 2020 is to be increased by RM480 4. The auditors' fees of RM5,000 and second half year debenture interest are to be provided 5. The tax charge for the current year is estimated to be RM32,000. 6. Half of the preliminary expenses are to be written off. 7. As at 31 December 2020, the land professionally valued to RM780,000 and the directors decided to incorporate this value in the accounts. 8. The directors proposed the followings: i. Ordinary share dividends of 10% and preference dividends. ii. Transfer to the general reserve of RM6,000. Required: a. Prepare a Statement of Profit or Loss and Other Comprehensive Income of High Berhad for the year ended 31 December 2020. (15 marks) b. Prepare a Statement of Changes in Equity of High Berhad for the year ended 31 December 2020. (5 marks) c. Construct a Statement of Financial Position of High Berhad as at 31 December 2020, (10 marks) d. State the reasons for a potential investor to subscribe for debentures instead of other classes of shares