Question 2 MDA Sdn Bhd produces furniture and office equipment for expo assistant has prepared the fllowing trial balance as at 3i ses. The account December 2006 MDA Sdn Bhd r 2006 Trial Balance as at 31 DEBIT CREDT 309,550 Capital Drawings Cash at bank Cash in hand Debtors Creditors Stock as at 31 December 2005 Motor Van Cutting and Assembly Machine 84 200 31,150 2,950 123,00093,700 239,100 41,000 62,500 1,309,000 921,000 5,500 2,150 Purchases Returns inwerds Carriage inwards Returns outwards Carriage outwards Motor expenses 3,070 Telephone charges Wages and salaries Insurance Office expenses Sundry expenses 3,090 16,300 29,700 4,050 128,100 4,920 13,770 2.840 1,715,320 1,715,320 Stock as at 31 December 2006 was RM274,750 Required: a. Prepare the Income Statement of MDA Sdn Bhd for the year ended 31 December 2006 b. Prepare the Balance Sheet of MDA Sdn Bhd as at 31 December 2006 20 marks