QUESTION 12. Thank you in advance!!

Puan Meera Afendy owns a boutique, Cempaka Sari, at SACC Mall. The boutique sells ladies' clothes and accessories. The following trial balance was extracted from the books of Cempaka Sari as at 31 December 20x9. Question 12 Debit (RM) Credit (RM) 40,000 Inventory at 1 January 20x8 6,000 4,000 Returns inwards and outwards 7,000 Carriage inwards 5,600 Duty on purchases 4,400 Carriage outwards 300,000 160,000 Purchases and sales 6,400 Discount received 5,400 Insurance on purchases 4,600 Commission received 32.000 Shop rental 33,000 Salary 2,600 Salesman commission 5,200 Discount allowed .000 Advertisement expenses 1,000 Allowance for doubtful debts Accumulated depreciation 28,000 - Delivery van 12,000 - Costumes cabinet 10,000 Office equipment (Au Dep) 70,000 Delivery van 60,000 Costumes cabinet 50,000 Office equipment 40,000 20,000 Accounts receivable and payable 10,000 Telephone and electricity bills 8,000 Insurance 1,000 Bad debts 50,000 Cash at bank 3,000 Petty cash 100,000 Loan from TEKUN (10% per nnum) 600 Drawings Capital 68,800 576,800 576,800 The following adjustments need to be considered: 1 The shop rental is RM4,000 per month. Puan Meera paid rental for 2 months in advance. 2 The salary for the fashion designer amounting to RM3,000 was s unpaid. 3 Interest on a loan from TEKUN for one year was outstanding. 4 One of the customers was declared bankrupt and unable to settle his debts. The customer still owe RM6,000 5 Provision for doubtful debts on accounts receivable need to be provided at the rate of 5% 6 An annual depreciation is to be provided as follows: Delivery 20% on cost van Costumes cabinet 10% on straight-line basis Office equipment 10% on cost 7 Puan Meera withdrew petty cash of RM400 and took a dress worth RM600 for her daughter's birthday. 8 Inventory as at 31 December 20x9 was RM32,000. Required: (a) Prepare the Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 20x9 (b) Prepare the Statement of Financial Position as at 31 December 20x9