QUESTION 4 (30 MARKS) Blueswan Sdn Bhd Adjusted Trial Balance as at 31 December 2020 Dr Cr RM RM Capital 180,000 Drawing 6,000 Bank 66,360 Purchases and Sales 242,100 363,480 Receivables and Payables 98,820 183,390 Sales Return 9,600 Utilities expense 2,280 Insurance expense 14,400 Commission received 9.990 Inventories (Beginning) 90,000 Freight outwards 9,000 Repair and maintenance 6,000 Premises 240,000 Office Equipment 39,600 Bad debt expense 6,000 Accumulated Depreciation - Premises 12,000 Campaign expense 30,000 Salary 12,900 Bank Loan 126.000 Interest on bank loan 1,800 874,860 874,860 Additional information: (a) Closing stock was purchase at cost RM60,000 and market price valued at RM75,000. (b) During the year the owner took cash amounting RM9,000 for his personal use. (c) Depreciation for premises and office equipment is RM11,400 and RM3,960 respectively. REQUIRED (a) Prepare the Statement of Comprehensive Income for the year ended 31 December 2020. (18 Marks) (b) Prepare the Statement of Financial Position as at 31 December 2020. (12 Marks)