Question 1 The following list of balances has been extracted from the books of Grace, a sole trader. on 31 Decen Additional information: 1. Stock as at 31 December 2022 RM13,551. 2. Rent is outstanding by RM 210 . 3. RM2,211 of carriage represents carriage inwards on purchases. 4. Equipment is to be depreciated at 15% per annum using straight line method. 5. The provision for doubtful debts to be increased by RM40. 6. Rates have been prepared by RM880. Required: (a) Prepare a statement of profit or loss (income statement) for the year ending 31 December 2022