Puan Insyirah is the owner of Moga Trading She has asked you to prepare the financial statements for 2019 based on the following trial balance as at 31 December 2019 Credit (RM) 34.900 Debit (RM) 46.300 22 300 24 000 64 500 9.800 25 000 38.000 129.000 220 900 123.700 2.500 Accounts receivable and Accounts payable Bank 8% fred deposit Land (at cost Fixtures and fittings at cost) Motor vehicles cat cost) Inventories as at 1 January 2019 Purchases and Sales Capital Commission received Accumulated depreciation as at 1 January, 2019 Factures and fittings Motor vehicles 4% bank loan Salaries expenses Carriage outwards Carriage inwards Return inwards Discounts Allowance for doubtfuldebts as at 11 January 2019 Salesman Commission General expenses Advertisement Water and electricity Rental 1.950 15.500 35.500 28.000 31200 660 1400 2.160 5.500 270 2.000 12.900 14 500 3.500 12.500 440.720 440.720 Additional information: The closing inventories were valued at RM47 450 2 Depreciation is to be provided as follows: Non-current Asset Rate Method Motor vehicles 20% Straight line method, yearly basis Fatures and fittings 10% Reducing balance method, yearly basis 3. Allowance for doubtful debt was estimated at RM900, 4 Rental was still accrued amounted to RM2,500 5. RM400 of salesman commission paid is for the next accounting period. The business has not received any interest on fixed deposit yet 8 7. RM4,000 salaries expenses was paid in advance Pian Insyirah had withdrawn RM500 by cheque to purchase some old furniture for her personal use 9 An additional cash amounted to RM10,000 was brought into the business to be put as capital. No record was made on il 10. RMSOO amount of general expenses has been wrongly recorded. It should be transferred to water and electricity Required: The Statement of Financial Position as at 31 December 2019, (14 marks)