Required:

(a) Prepare the Statement of Comprehensive Income as at 31 December 2019 for Happy Meals Caterer. [10 marks]

(b) Prepare the Statement of Financial Position as at 31 December 2019 for Happy Meals Caterer. [10 marks]

Below is the trial balance of Happy Meals Caterer as at 31 December 2019. Credit RM Debit RM 120,000 70,000 10.850 100,000 69.250 40,000 612,000 104,500 353,000 12,000 26,700 Accounts Motor vehicles Plant and machinery Profit b/d as at 01.01.2019 Ordinary share Acc depreciation as at 31.12.2019: Motor vehicles Acc depreciation as at 31.12.2019 : Plant & machinery Sales Commission Purchases Opening inventory Trade receivables Trade payable Administrative expenses Distribution expenses Rental Bank overdraft Wages and salaries Telephone and internet Unearned commission Accrued telephone expenses Accrued wages and salaries Prepaid rental 1 Total 43,200 174,500 27,000 88,000 13,400 115.125 6.200 1,000 200 125 2 .000 994,525 994,525 Additional information: The closing inventory for Year 2019 was RM40.000