Semarak Kilau Trading is a retail business run by Yusuf Lekir since he was laid off by his employer due to the Covid 19 pandemic. The following is the final balance position of his account as at 31 March 2022: ACCOUNT RM RM Cash 63,000 Account not yet received 22,950 Prepaid Insurance 9,850 Office Equipment 10,450 Land 140,000 Accounts Payable 58,800 Capital, Yusuf Lekir 150,000 Take, Yusuf Lekir 5,000 Results 112,650 Utility Shopping 3,000 Salary Spending 31,200 Rental Shopping 22,500 Vehicle Shopping 13,500 Total 321,450 321,450 BE REQUIRED: a. Prepare Profit and Loss Statement and Balance Sheet for March 2022 for Semarak Kilau Trading.