RM + Question 3 Fresh Flowers is a florist that buys and sells flowers and bouquets for special occasions. The unadjusted trial balance as of 31 December 2014 is as follows: Fresh Flowers Unadjusted Trial Balance as at 31 December 2014 Debit Credit RM Cash 123,400 Accounts Receivable 54,000 Provision for Doubtful Debts 3,800 Inventory Opening) 39,260 Furniture 25,000 Provision for Depreciation 2,500 Accounts Payable 49,700 Insurance Expense 8,000 Capital 128,100 Drawings 2,180 Sales 151,340 Purchases 60,400 Sales Return 6,200 Utilities Expense 14,300 Fuel Expense 2,700 335,440 335,440 The following balance day adjustments have not be considered for year ended 31 December 2014 Insurance paid in advance was RM3,200. Utilities owing at the end of the period amounts to RM800. Furniture was purchased on 1 January 2013. The business decides to provide depreciation at 10% per annum using the reducing-balance method. Fuel expense accrued. RM1,100. Inventory on hand as of 31 December 2014 is RM30,000. Provision for doubtful debts is to be estimated at 8% of total accounts receivable. Required: (a) Prepare Adjusted Trial Balance (6) Prepare Fresh Flowers' Statement of Comprehensive Income (Income Statement) for the year ended 31 December 2014 (c) Prepare Fresh Flowers' Statement of Financial Position as at 31 December 2014