QUESTION 2 (25 MARKS) Sunny Sdn. Bhd. a store owner, extracted the following trial balance from his books at the dose of business on 31 December 2020. Account Sales Opening stock Purchases Purchases retums Salaries Sales retruns Utilities Insurance Motor expenses Stationery Interest on loan Import duty Land and building Trade receivables Trade payables Motor vehicle Office furniture Cash in hand Cash in bannk Drawings Capital 10-year loan from Maybank Discount revenue Discount allowed Closing stock EM 327.624 35,000 200,000 300 3,000 350 600 900 700 1,318 1,000 400 91,500 50,000 44,911 25,000 15,000 2.970 1.930 2.000 49.933 10,000 600 1,700 40,000 You are required to prepare. (a) Statement of Profit of Loss for the year ended 31 December 2020 (12 marks) (b) Statement of Finanacial Position as at 31 December 2020. (13 marks)