Question 2 The Trial Balance of Eajar Sdn Bhd at 31 December 2020 is as follows: Du(RM) Cr(RM) Sales 75,000 2,700 Commission received 8,000 6,300 60,000 3,450 9,000 500 11,350 400 40,000 300 Wages Account receivable Building Bank Fixtures and fittings Rent received Office equipment Return inwards Purchases Return outwards Community chest donation Drawing Account payable Repairs and maintenance Import duty Carriage inwards Loan Interest received Interest on loan Opening stock Capital 600 700 3,200 900 400 300 20,000 2.000 1,200 4,000 36,000 143,150 143,150 Additional information: i. ii. Closing stock at 31 December 2020 is RM5,000 There are accrued wages of RM500. Provision for doubtful debt is RM200. Depreciate fixtures and fittings at 10% per annum and office equipment at 15% per annum on cost using straight line method. Repairs and maintenance have been prepaid by RM50. iv. V. Required: a) Prepare an income statement for the year ended 31 December 2020. (20 marks) b) Prepare statement of financial position as at 31 December 2020. (20 marks) (Total:40 Marks)