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Please prepare the SOPL and SOFP based on table Below is the trial balance extracted from the books of Power Trading as at 31 December

Please prepare the SOPL and SOFP based on table

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Below is the trial balance extracted from the books of Power Trading as at 31 December 2019. Particulars Debit (RM) Credit (RM) Capital as at 1 January 2019 101,100 Drawings 13,350 Inventories as at 1 January 2019 12,870 Accounts Receivable and Accounts Payable 8,400 7,178 Sales Return and Purchases Return 772 604 Cash at bank 16,460 Cash in hand 6,300 Sales Discount and Purchases Discount 195 410 Wages 3,460 Salaries 7,950 Electricity and water 510 Purchases and Sales 63,228 116,061 Allowance for Doubtful Debt 420 Stationeries 225 Insurance expenses 3,600 Bank overdraft 5,260 Commission 400 3,380 7% Bank loan 150,000 Short term investment 12,000 Duty on purchases 325 Carriage inward 700 Carriage outward 1,500 Patents 23,000 15% Fixed Deposit 80,000 Dividend on fixed deposit 9.000 Interest on loan 10,500 Repair and maintenance 470

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