QUESTION 2 (35 MARKS) Ben is an aspiring young entrepreneur, he operates a chain of barber shops. Currently, he runs three outlets; in Ampang, Kelana Jaya and Cyberjaya respectively. The following shows the unadjusted trial balance for Ben's Barber Shop during the month of March 2020: Debit Credit Accounts RM RM Cash 54,760 Accounts Receivable 5.680 Prepaid Training 2.320 Supplies 8.680 Equipment 28,900 Accumulated Depreciation - Equipment 5.780 Accounts Payable 1.740 Utilities Payable 200 Salaries Payable Unearned Revenue 3,650 Ben, Capital 50,950 Ben, Withdrawals 2.100 Service Revenue 58,170 Interest income 5,000 Salaries Expense 20,160 Training Expense Depreciation Expense - Equipment 2.890 Supplies Expense Utilities Expense 125,490 125,490 Additional information: 1. Prepaid training was expended for hairstyling and grooming training amounted to RM1,160 for Ben's staffs. 2. RM2,250 of the supply items have been utilized for the operations of the barber shops. 3. An amount of RM 1,680 was paid to the creditors. 4. During the month, the business received utility bills with the total of RM500, which will be paid in the following month. Continued... 5. The clerk omitted the salary expense of one employee by RM 1,800 for the month. 6. The unearned revenue consists of prepaid hairstyling and grooming packages, of which the customers have paid during the promotional period. RM3,000 of the unearned revenue has been earned. Required: i. Prepare the Adjusted Trial Balance for Ben's Barber Shop as at 31 August 2021. (11 marks) (CLO2:PLOS:C4/CLO2.PLO12:C4) ii. Prepare the following for the month of August 2021: a. Statement of Profit and Loss; b. Statement of Changes in Owner's Equity, and c. Statement of Financial Position. (19 marks) (CLO2:PLOS:C4/CLO2:PLO12:C4) iii. How do you use the financial statements to evaluate business performances? (5 marks) (CLO2:PLOS:C4/CLO2:PLO12:C4)