The following are the accounts' balances of Besta Sdn. Bhd. at the end of December 2020. Accounts Sales Purchases Inventory, 1 January 2020 Carriage inwards Carriage outwards Sales return and allowances Sales discount Purchase return and allowances Purchase discount Advertising expenses Rental expenses Miscellaneous expenses Salaries expenses Depreciation expense Capital Withdrawals Cash at bank Accounts receivable Prepaid rent Motor vehicle Accumulated depreciation-Motor vehicle Accounts payable Accrued utilities Balances (RM) 287,920 185,590 54,202 1,230 1,195 1,375 1,500 1,560 1,105 2,328 4,360 5,350 10,455 3,000 107,000 800 50,000 4,400 1,000 77,000 3,000 2,700 500 Additional information: Inventory as at 31 December 2020 was valued at RM11,855. You are required to prepare the following for Besta Sdn. Bhd.: Statement of Financial Position as at 31 December 2020 (show working capital calculation) and Explain what the accrual basis of accounting is. (15)