The calendar year-end adjusted trial balance for Stanford Ltd.. follows STANFORD Ltd. Adjusted Trial Balance December 31, 2020 RM RM Cash Accounts receivable 100,000 7,000 15,000 9,000 3,300 18,000 S 3,200 350,000 42,000 Prepaid rent.. Prepaid Insurance Office supplies. Office equipment. Accumulated depreciation-Equipment.. Building Accumulated depreciation-Building, Land. Accounts payable Salaries payable Interest payable Long-term note payable. Stanford, Capital Stanford, Withdrawals. 700,000 5,800 14,500 2,500 52,000 1,010,000 200,500 Service fees earned 370,800 Salaries expense. 90,000 Insurance expense. 5,200 Rent expense... 5,000 1800 Depreciation expense-Equipment. Depreciation expense-Building. Totals 7,000 $1,500,800 $1,500,800 Additional information: 1. RM7,000 installment on the long-term note payable is due within one year. Required: (a) Prepare a Statement of financial position for Stanford Ltd. for the year ended 31 December 2020. (Show all workings to derive net profit/retained earnings, and owner's capital)