Question 2 Mr.Ali is a merchandising enterprise that has business operations in Ipoh, Perak. The following trial balance has been extracted from the enterprise's books as at 30 September 2022. Ali Enterprise Trial Balance as at 30 September 2022 Descriptions Debit Credit Purchases and sales 335,692 802,278 Returns 5,341 1 ,287 Carriage inwards 3,250 Carriage outwards 7,647 Rental received 2,400 Salary and wages 110,854 Repair of buildings 134,600 Stationery 40,222 Office expenses 42,694 Interest on loan 2,400 Bad debts 325 Building (at cost) 225,000 Fixtures and fittings (at cost) 84,820 Accumulated Depreciation as at 1 October 2021 Building Fixtures and fittin s 45,000 16,200 Opening inventory 32,000 Trade receivables 135,330 Trade payables 64,296 Bank 7,650 Loan 80,000 Capital 156,364 1,167,825 1,167,825 (BAAB 1014) Examination Other information: 1) Closing inventories as at 30 September 2022 were estimated to be worth RM16,500. 2) Annual depreciation for the non-current assets is as follows: Fixtures and fittings 10% using the reducing balance method Building 2% on cost 3) Repair of buildings of RMI 34,600 is inclusive of building renovation of RM85,000. 4) Bad debts as at the end of the year is RMI 30. 5) Provision for doubtful debts amounting to 2% of trade receivables has to be provided. 6) Goods worth RM2,000 and RMI ,000 of cash from the bank were taken by Encik Kiran for his own use. No records were made for the goods and cash drawings were recorded under salary accounts. 7) Adjustments are as follows: Accrued rental of RM600 Accrued salary of RM2,250 Required: a) Prepare Ali Enterprise's Income Statement for the year ended (post adjustments) for the year ended 30 September 2022. (20 marks) b) Prepare Ali Enterprise's Statement of Financial Position (post adjustments) as at 30 September 2022. (20 marks) (Total: 40 Marks) (BAAB1014) Examination i need asap