Standish has been trading for some years. The following trial balance has been extracted from his books of account as at 31st May 2020. Debit (RM) Credit (RM) Capital Cash 22,400 1,200 Accounts Payable Account Receivable Drawings Furniture & Fittings 4,300 6,000 5,500 8,000 Heating and Lighting 1,500 Miscellaneous expenses 6,700 Purchases 52,000 Sales 79,000 Inventory (at 1 June 2019) 7,000 Wages and salaries 17,800 105,700 105,700 Note: Inventory at 31 May 2020: RM12,000 Required: A. Prepare Standish's Statement of Profit or Loss for the year ending 31 May 2020. (10 marks) B. Prepare Standish's Statement of Financial Position as that date. (10 marks)