The bookkeeper of Mark Manufacturing provides you with the following trial balance and information. Trial balance as at 31 December 2016 RM RM Purchases of raw materials 320,000 Fuel and light 31,000 Administration salaries 22,000 Factory wages 40,000 Carriage outwards for finished 3,000 goods Rent and business rates 24,000 Sales 450,000 Returns inward 5,000 General office expenses 8,000 Repairs to plant and machinery 5,000 Inventory at 1 January 2016: 25,000 Raw materials 13,000 Work-in-progress 25,000 Finished goods Sundry accounts payable 32,000 Capital 612,000 Freehold premises 450,000 Plant and machinery 90,000 Accounts receivable 30,000 Accumulated depreciation on plant 12,000 and machinery Cash in hand 15,000 1,106,000 1,106,000 Additional information: i. Depreciation on plant and machinery is 10% - straight-line method. ii. Closing inventories at 31 December 2016. Raw materials Work-in-progress Finished goods RM 30,000 10,000 38,000 i. Allocate 80% of fuel and light and 75% of rent and rates to manufacturing. ii. RM3,000 outstanding for fuel and light. iii. Rent and business rates paid in advance: RM6,000. Required: Prepare the Manufacturing Account and Income Statement for the year ended 31 December 2016