Requirements: 1. Prepare a Statement of Cash Flow.

2. Prepare a Statement of Owner's Equity.

Adam Kleen Enterprise Trial Balance 31 December 2020 Accounts Credit Balances Debit Balances 567,000 180,875 404,813 4,000 6,875 72,975 288,750 Cash Account Receivable Merchandise Inventory Office Supplies Sale Supplies Pre-paid Insurance Office Equipment Accum.Depre. - Office Equip. Delivery Van Accum. Depre. - Delivery Van Accounts Payable Salaries Payable Interest Payable Unearned Revenue 85,113 378,875 151,125 329,275 10,625 7,037 19,350 281,250 684,000 27,500 929,887 3,525 7,928 454,637 1,913 7,550 Notes Payable Capital, Mr. Adam Withdrawal, Mr. Adam Income Summary Sales Sales Returns and Allowances Sales Discounts Purchases Purchases Returns and Allow. Purchase Discounts Freight-in Advertising Expense Depre. Expense - Office Equip. Depre. Expense - Delivery Van Del. Van Repairs & Maintenance Sale Salaries Expense Sale Supplies Expense Insurance Expense Office Salaries Expense Office Supplies Expense Rental Expense Utilities Expense Interest Expense 9,113 2,750 3,000 3,875 3,125 41,563 8,560 5,625 12,162 3,862 10,625 3,237 1,875 2,507,125 2,507,125 Additional information: The following items are related to cash transactions throughout the year. Cash and cash equivalents as of 1 January 2020 was RM554,500. 1. Adam made a total cash withdrawal of RM27,500 in 2020. 2. AKE received cash RM10,000 from the disposal of an old van. 3. An additional cash of RM150,000 was brought in by Adam to increase his stake in AKE. 4. AKE bought a piece of land for future operational expansion. A total amount of RM180,00 was paid by cash. 5. Total cash receipts and disbursements from business operation were RM315,000 and RM255,000 respectively. Adam Kleen Enterprise Statement of Financial Position As of December 31, 2020 Assets Current Assets Cash 567,000 Accounts Receivable 180,875 Merchandise Inventory 404,813 Office Supplies 4000 Sale Supplies 6875 Pre-paid Insurance 72975 Total Current Assets 1,236,538 Non-Current Assets Office Equipment 288,750 Accumulated Dep'n- office equipment (85,113) Delivery Van 378,875 Accumulated Dep'n-delivery van (151,125) Total Non-current assets 431,387 Total Assets 1,667,925 Liabilities Accounts Payable 329,275 Salaries Payable 10,625 Interest Payable 7,037 Unearned Revenue 19,350 Notes Payable 281,250 Total Liabilities 647,537 Equity Capital, Mr. Adam 1,020,388 Total Liabilities and Equity 1,667,925