The following additional information as at 31 May 2019 is available:

i)Inventories as at the close of business were valued at RM25,900.

ii)Depreciation for the year ended 31 May 2019 has yet to be provided as follows:

Property: 1 percent using the straight-line method

Equipment: 15 per cent using the straight line method.

iii)Salaries are accrued by RM140.

iv)'Other operating expenses' include certain expenses prepaid by RM500. Other expenses included under this heading are accrued by RM200.

v)The provision for bad debts is to be adjusted so that it is 0.5 percent of trade receivables as at 31 May 2019.

vi)'Purchases' include good valued at RM1,040 that were withdrawn by Nora Ariyana for her own personal use.

Required:

a)Prepare statement of profit and loss for the year ended 31 May 2019.(20 marks)