Q1 Emerald Sdn. Bhd. is a textile manufacturer. The trial balance of Emerald Sdn. Bhd. as at 31 December 2020 is as Table Q1: Table Q1: Trial Balance for Emerald Sdn. Bhd. as at 31 December 2020 RM RM 3,000 3,200 26,000 30,900 4,400 1,600 600 340 1,000 Machine Patents Purchases Revenue Rental expenses Wages and salaries expenses Tax payable Miscellaneous expenses Drawings Bank overdraft Motor vehicle Account receivable Account payable Long-term loan Cash Bank Prepaid rent Capital Total 500 5,800 610 1,000 7,000 1,500 8,000 550 16,000 56,000 56,000 Additional information: . . Inventory as at 31 December 2020 was RM9,100. Additional drawings of RM200 cash was made but not recorded. Insurance of RM2000 was outstanding on 31 December 2020. On 31 December 2020, Emerald paid RM3000 for 2 months advance rental fees, using online banking Depreciation of machine is 10% per annum. Prepare: (a) A Statement of Profit and Loss for the year ending 31 December 2020. (10 marks) (b) A Statement of Financial Position as at 31 December 2020. (16 marks)