QUESTION 3 Puan Rohani, the owner of Blooming Florist has the following accounts balance on 31 December 2020. RM ??? Capital Drawings Sales Purchases Return inwards Return outwards Inventory, as at 1 January 2020 Delivery van Office equipment Accounts receivable Accounts payable General expenses Insurance Cash in hand Cash in bank Commission received Wages and salaries Long term investments Rent received 22,500 2,000,000 1,040,000 20,000 10,000 300,000 60,000 120,000 376,500 80,000 3,000 10,000 15,000 40,000 5,000 100,000 600,000 12,000 The closing inventory was valued at RM240,000 Required: a. Prepare a Statement of Profit and Loss for the year ended 31 December 2020 (10 marks) b. Prepare a Statement of Financial Position as at 31 December 2020 (5 marks) QUESTION 3 Puan Rohani, the owner of Blooming Florist has the following accounts balance on 31 December 2020. RM ??? Capital Drawings Sales Purchases Return inwards Return outwards Inventory, as at 1 January 2020 Delivery van Office equipment Accounts receivable Accounts payable General expenses Insurance Cash in hand Cash in bank Commission received Wages and salaries Long term investments Rent received 22,500 2,000,000 1,040,000 20,000 10,000 300,000 60,000 120,000 376,500 80,000 3,000 10,000 15,000 40,000 5,000 100,000 600,000 12,000 The closing inventory was valued at RM240,000 Required: a. Prepare a Statement of Profit and Loss for the year ended 31 December 2020 (10 marks) b. Prepare a Statement of Financial Position as at 31 December 2020