Question Cerdik Sdn Bhd closes its accounts on 30 September. The following balances have been extracted from the business's ledgers as at 30 September 2021 Debit (RM) Credit (RM) Capital 50,000 Sales 220,000 Accounts payable sucou 20.500 Returns outwards Naturis 13,400 Allowance for doubtful debts 500 Discounts received 1.750 Purchases 115,000 Returns inwards 5,600 Drawings 18,440 Carriage inwards 11,800 Electric Electricity 10,200 Insurance 9,500 Salaries and wages 38,500 . Cash in hand 1,330 Cash at bank 7,400 Inventory as at 1 October 2020 15,600 Accounts receivable 24,500 Motor vehicle-at cost - 120,700 Accumulated depreciation: motor vehicle 72,420 The following additional information is available as at 30 September 2021: (0) Inventory as at 30 September 2021 was valued at RM17.500 (6) Insurance included payment of RM1,400 for the months of October to December 2021 (1) Electricity for August 2021 and September 2021 amounting to RM5,000 had not been included in the trial balance (iv) Salaries for the month of September 2021 amounting to RM6,000 has not been taken into account yet. (V) Depreciation is to be provided at 20% of cost. The depreciation for the year ended 30 September 2021 has not been provided yet. (VI) The allowance for doubtful debts is to be adjusted so that it is 3% of accounts receivables Required: (a) Prepare Statement of Profit or Loss Account for the year a ended 30 September 2021. (b) Prepare Statement of Financial Position as at 30 September 2021 ( (50 marks)