Question 1: L Strokes drew up the following trial balance as at 30 September 2020. Dr(RM) Cr(RM) Capital 450,000 Drawings 84,200 Cash in hand 2,950 Cash at bank 9,000 Account receivables & payables 123,000 65,000 Inventory 1 October 2019 239,100 Van 41,000 Office equipment 162,500 Purchases and sales 821,000 1,107,100 Return inwards and outwards 5,500 3,070 Rent received 50,000 Carriage inwards 2,150 Carriage outwards 3,090 Stationery 16,300 Rent 29,700 Telephone charges 4,050 Wages and salaries 128,100 Insurance 4,920 Office expenses 13,770 Rates 2,840 RM1,684,170 RM1,684,170 ======= Inventory at 30 September 2020 was RM274,750. (a) Draft an income statement for the year ended 30 September 2020 for L Strokes. (20 marks) (b) Draw up a statement of financial position for L Strokes as at 30 September 2020. (15 marks) (Total 35 marks)