The following account balances are extracted from the books of Innovation Sdn Bhd., a business owned by Mr William, for the year ended 30 June 2021:

RM

Capital	452,000
Purchases	86,060
Sales	152,840
Cash in hand	38,400
Cash at bank	(6,400)
Account receivables	13,400
Inventory (1 July 2020)	8,480
Motor vehicles	720,000
Accumulated for depreciation motor vehicles	68,000
Equipment	101,400
Accumulated for depreciation - equipment	4,820
Fixed deposit	22,000
Mortgaged loan	300,000
Account payables	38,900
Loan from Mr Fong	10,000
Drawings	6,480
Commissions received	5,460
Discount received	5,500
Insurance expense	1600
Carriage	2,160
Salaries and wages expenses	43,000
Interest on overdraft	840
Purchase return	860
Sales return	480
Insurance on purchases	480
Additional information: (1) 2/3 of carriage is for carriage outwards.

Bad debts of RM1,000 has been decided to be written off and the allowance for doubtful debts is 2 percent of account receivables.

Mr William identified that purchase of equipment for RM1,200 for business use on 28 June 2021 had been included in purchase account but no correction had been made.

Depreciation is to be provided for as follows:

Motor vehicle 4 per cent per annum on reducing balance method. Equipment 5 per cent per annum on cost.

The policy of the company is to provide depreciation in full in year of purchase and none in the year of sales.

Inventory at 30 June 2021 were valued at RM5,174.

Interest at 5 percent per annum on loan from Mr Fong is still outstanding.

Mr William bought a DVD player for her family from the shop next door on 30 June 2021 and paid RM1,560 using business' cash after the shop offered a cash discount. This transaction has not been recorded so far.

Insurance paid includes personal insurance of RM500.

Items amounting to RM2,780 in the purchases which was delivered on 28 June 2021 was different from the purchase order. The items were returned to the Height Properties Enterprise on 30 June 2021 but no transaction has been recorded for this return.

On 28 June 2021, Mr William received an advertisement bill mounting to RM3,080 pertaining to a new product promotion. This bill has not been paid yet. The printing costs for banners and leaflets for the same event amounting to RM940 also have not yet been paid.

Required:

Prepare the following statements using vertical format presentation:

Statement of Comprehensive Income for the year ended 30 June 2021.

Statement of Financial Position as at 30 June 2021.