QUESTION 3 Puan Rohani, the owner of Blooming Florist has the following accounts balance on 31 December 2020. RM Capital ??? Drawings 22,500 Sales 2,000,000 Purchases 1,040,000 Return inwards 20,000 Return outwards 10,000 Inventory, as at 1 January 2020 300,000 Delivery van 60,000 Office equipment Accounts receivable Accounts payable General expenses Insurance Cash in hand Cash in bank Commision received 120,000 376,500 80,000 3,000 10,000 15,000 40,000 5,000 Wages and salaries Long term investments Rent received 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) (Total: 15 marks)