Question 1 The following were extracted from the record of Azam Constructions for the year ended 31 December 2020. Azam Construction Trial Balance as at 31 December 2020 Debit (RM) Accounts Service Revenue Credit (RM) 232,500 33,750 277,500 75,000 30,000 187,500 97,500 Unearned revenue Cash Office Equipment Accumulated Depreciation - Office Equipment Machinery Accumulated Depreciation - Machinery Office Supplies Accounts Receivables Accounts Payable Prepaid Insurance Wages Expense (Part-time workers) Capital Drawings 4,500 277,500 285,000 18,000 9,750 219,750 48,750 898,500 Total 898,500 The following adjustment are not taken into account in the accounting period ended 31 December 2020. 1. Received cash from clients on accounts RM2,000 2. Paid telephone and electricity bill for December 31, RM600 3. Paid manager salary by cash, RM5,000 4. Office supplies on hand December 31, RM3,375 5. . Depreciation of office equipment is at rate of 10% per year based on the Straight Line Method. Depreciation of machinery is rate of 5% based on Declining Balance Method 6. Paid supplier on account RM3,750 7 7. Unearned revenue represented the receipt during November which is in advance for services to be provided in three months 8. Service revenue earned but unbilled on December 31 are RM37,500 9. Unpaid wages accrued on December 31 are RM9,375 10. Prepaid insurance represented for premiums on policies for the next 6 months starting October 1, 2019 11. The owner withdrew RM7,500 in cash for personal use Required: a) prepare a six (6) column worksheets to do the adjusting entries. b) prepare a statement of Profit or Loss and Other Comprehensive Income. c) prepare a Statement of Financial Position