School of Business (SBC) Question 2 The following information relates to Mr. Johnson's business: Assets and liabilities at Machinery Accounts receivable Inventory Accounts payable Cash Balance at bank Loan from Benson Motor vehicle Additional Information 1 January 2019 31 December 2019 18000 16200 4800 5800 24000 28000 8000 11000 760 240 15600 4600 6000 2000 16000 During the year, Trader had sold private investments for RM4000 which he paid into the business bank account, and he had drawn out RM200 weekly for private use. Required: Prepare a Balance Sheet as at 31 December 2019 and give the net profit as at the date. Note: Assume one year there are 52 weeks. (Total=10 marks)