Question 2 [Total 20 marks] The following is the accounting records of Jamilah Enterprise at 31 March 2022: RM Interest expense 150 Office wages Sales Accounts receivable 13,000 150,000 6,680 Accounts payable 1,875 Rent revenue 1,275 Office furniture 10,000 Inventories (1 April 2021) 13,000 Advertising 3,000 Depreciation-vehicles 4,000 Depreciation-buildings 1,000 Cash at bank 10,000 Sales returns 1,500 Equipment 20,000 Selling expenses 13,000 Vehicles 20,000 Accumulated depreciation - vehicles 6,000 Buildings 15,000 Accumulated depreciation-buildings 3,000 Land 15,000 Purchases Capital Purchases return Insurance Office expenses Drawings Additional information: 85,000 79,200 1,750 1,000 2,770 9,000 1. Inventories at 31 March 2022 was RM10,500. 2. RM500 of advertising is still owed. 3. Insurance of RM250 has been paid in advance. 4. Rent received has been received in advance, RM275. 5. RM500 is still owed in interest. 6. Provision for doubtful debts to be 5% of accounts receivable. 7. Depreciation to be charged as follows: Office furniture - 10% on cost; Equipment -20% on cost. You are required to prepare for the following: 2.1 The Income Statement for Jamilah Enterprise for the year ending 31 March 2022. (12 marks) 2.2 The Statement of Financial Position for Jamilah Enterprise as at 31 March 2022. (8 marks)