QUESTION 2 On 1 January 2020, Siti opened a spa business named Best Beauty and Wellness at Kuala Lumpur. The following is the unadjusted trial balance for the business as at 31 January 2020. Best Beauty and Wellness Additional information: 1. Depreciation of equipment is at the rate of 10% per annum based on a straight line method with RM200 salvage value. 2. There are accrued salaries and wages of RM4,000 for January 2020 . 3. An inventory shows that office supplies costing RM1,800 are available on hand at 31 January 2020. 4. Fees earned but unbilled on 31 January 2020 are RM3,250. REQUIRED: (a) Prepare the relevant adjusting journal entries and show your working. (Journal explanation is not required) (b) Prepare the adjusted trial balance as at 31 January 2020. (c) Prepare the closing entries. (d) Prepare the Statement of Profit or Loss and Other Comprehensive Income for the month ended 31 January 2020. (e) Prepare the Statement of Financial Position as at 31 January 2020