Question 2: Afif Enterprise has operated since 1 January 2017. The following are the accounts' balance of Afif Enterprise as at 31 December 2020: Account Balance (RM) Cash 18,500 Accounts receivable Prepaid insurance Inventory at 31/12/2020 15,200 2,400 22,800 Office supplies 4,500 Prepaid advertising 3,400 Furniture & fittings 22,600 Accumulated Depreciation-furniture & 10,400 fittings Unearned Sales revenue 3,700 Accounts payable 17,500 Long term loan 12,000 24,000 42,000 5,800 13,200 1,200 Capital - Afif Sales revenue Salaries expenses Rental expenses Utilities expenses Additional information: 1. Furniture and fittings are depreciated at a rate of 10 per cent annually using the straight-line method. 2. The balance of office supplies on hand at the end of the year is RM2,500. 3. Rentals for the current year amounting to RM2,200 are not yet paid. 4. RM3,700 of the sales recorded are sales for January 2021. The customer has paid in advance; however, the goods will be delivered in January 2021. 5. Employees' salary for December 2020 of RM3,300 is not yet paid. 6. Utility bill for December 2020 of RM350 has been received but is not yet paid. 7. The prepaid advertising includes RM300 for January 2021 advertisement. & Expired insurance for the year 2020 is RM1,200. 9. The accrued interest on the long-term loan until 31 December 2020 is RM900. Based on the above information, you are required to: a) Prepare an adjusted Trial Balance as at 31 December 2020 (12.5) b) Prepare an Income Statement for the year ended 31 December 2020 (6) c) Prepare a Balance Sheet as at 31 December 2020