Please help me i will give good rating

1. The following Trial Balance was extracted from books of Safa Bhd. on 31 December 2020. RM 2,300,000 Safa Bhd. Trial Balance on 31 December 2019 RM Sales Inventories at 1 Jan 2019 150,000 Purchases 930,000 Distribution expenses 468,000 Administrative expenses 716,000 Loan interest paid 16,000 Land and buildings at cost 1,200,000 Plant and equipment at cost 680,000 Land and buildings accumulated depreciation at 1 Jan 2019 Plant and equipment accumulated depreciation at 1 Jan 2019 Investments in bonds 80,000 Trade receivables 120,000 Bank Ordinary share capital Bank loan Retained earnings at 1 Jan 2019 Ordinary dividends paid 30,000 Trade payables 4,390,000 192,000 126,000 50,000 1,080,000 400,000 122,000 120,000 4,390,000 Additional information: (0) Details of Safa Bhd's two lines of inventory at 31 December, 2020 is as follows: Item Total cost ABC (RM) 32,400 DEF (RM) 152,000 (n) Safa Bhd paid its annual insurance premium of RM33,600 for the period of 1 June, 2020 to 31 May, 2021. This payment is included in administrative expenses. c) The company's depreciation policy is as follows: - Buildings - straight line method over 50 years. Plant equipment -10% straight line method. (iv) The cost of the land is RM400,000 and all non-current assets are assumed to have zero residual value. There were no additions to, or disposals of, non-current assets during the year ended 31 December, 2020. Depreciation on buildings is charged to administrative expenses, and depreciation on plant and equipment is charged to cost of sales. The land has been revalued to RM700,000 due to rapid development activities in the surrounding area. (v) At year end, trade receivable included a balance of RM9,600 which is considered irrecoverable. (vi) The provision of doubtful debts of trade receivables is 5% of the remaining trade receivables. (vii) The bank loan was received on 1 April, 2020, and is repayable in full, in five years' time. Interest is charged at a fixed rate of 8% per annum (viii) Income tax for the year ended 31 December, 2020, is estimated at RM20,000. (ix) The bank reconciliation performed at 31 December, 2020, revealed that Safa Bhd had accounted for a cheque for RM9,000 sent to a credit supplier as RM10,800. Required to prepare (a) Statement of Profit/Loss for the year ended 31 December 2020. Show your workings. (b) Statement of Financial Position as at 31 December 2020. Show your workings. 1. The following Trial Balance was extracted from books of Safa Bhd. on 31 December 2020. RM 2,300,000 Safa Bhd. Trial Balance on 31 December 2019 RM Sales Inventories at 1 Jan 2019 150,000 Purchases 930,000 Distribution expenses 468,000 Administrative expenses 716,000 Loan interest paid 16,000 Land and buildings at cost 1,200,000 Plant and equipment at cost 680,000 Land and buildings accumulated depreciation at 1 Jan 2019 Plant and equipment accumulated depreciation at 1 Jan 2019 Investments in bonds 80,000 Trade receivables 120,000 Bank Ordinary share capital Bank loan Retained earnings at 1 Jan 2019 Ordinary dividends paid 30,000 Trade payables 4,390,000 192,000 126,000 50,000 1,080,000 400,000 122,000 120,000 4,390,000 Additional information: (0) Details of Safa Bhd's two lines of inventory at 31 December, 2020 is as follows: Item Total cost ABC (RM) 32,400 DEF (RM) 152,000 (n) Safa Bhd paid its annual insurance premium of RM33,600 for the period of 1 June, 2020 to 31 May, 2021. This payment is included in administrative expenses. c) The company's depreciation policy is as follows: - Buildings - straight line method over 50 years. Plant equipment -10% straight line method. (iv) The cost of the land is RM400,000 and all non-current assets are assumed to have zero residual value. There were no additions to, or disposals of, non-current assets during the year ended 31 December, 2020. Depreciation on buildings is charged to administrative expenses, and depreciation on plant and equipment is charged to cost of sales. The land has been revalued to RM700,000 due to rapid development activities in the surrounding area. (v) At year end, trade receivable included a balance of RM9,600 which is considered irrecoverable. (vi) The provision of doubtful debts of trade receivables is 5% of the remaining trade receivables. (vii) The bank loan was received on 1 April, 2020, and is repayable in full, in five years' time. Interest is charged at a fixed rate of 8% per annum (viii) Income tax for the year ended 31 December, 2020, is estimated at RM20,000. (ix) The bank reconciliation performed at 31 December, 2020, revealed that Safa Bhd had accounted for a cheque for RM9,000 sent to a credit supplier as RM10,800. Required to prepare (a) Statement of Profit/Loss for the year ended 31 December 2020. Show your workings. (b) Statement of Financial Position as at 31 December 2020. Show your workings