QUESTION 1 The following are the accounting records of Business Paper Pro for the year ended 31 March 2021: 1 APRIL 2020 RM 31 MARCH 2021 RM 311,250 22,500 66,000 Sale of finished goods Sales expenses Administrative & general expenses Purchase of raw materials Direct labor costs Manufacturing overheads Raw material inventory Work in progress Inventory of finished goods 112,500 33,750 23,250 9,000 37,500 45,000 15,000 11,250 13,500 Required: Set up for Business Paper Pro: 1. Statement of Manufacturing for the year ended 31 March 2021. 2. Income Statement for the year ended 31 March 2021. 3. Presentation of inventory in the Financial Position Statement on 31 March 2021