The following balances were extracted from the books of Billion Precision for the year ended 31 December 2020. Dr (RM) Cr (RM) Land 500,000 Building 200,000 Motor vehicles 120,000 Plant and machinery 70,000 Profit bf as at 01.01.2020 237,650 Capital 438,000 Acc depreciation as at 1.1.2020: -Building 60,000 -Motor Vehicles 69 250 -Plant & Machinery 40,000 Returns 3,600 4.100 Revenue 800.000 Purchases 400,000 Discounts 5,000 BBM 205/03 Carriage inwards 7,700 Opening inventory 52,000 Provision for bad debts 2.000 Trade receivables / Trade payable 66,000 43,200 Advertising 18,000 Staff training cost 4,000 Bad debts 12,500 Motor expenses 27,000 Rental 90,000 Bank 7,600 Wages and salaries 126,000 1,701,800 1,701,800 Additional information: i. i. The provision for bad debts should be 4% of trade receivables. ii. Depreciation is to be charged as follows: -Buildings 2% on cost. -Plant and machinery 20% on cost. - Vehicles 25% on cost. ii. The closing inventories is valued at RM57,000. Required: Prepare the Statement of Comprehensive Income for the year ended 31December 2020 (19 marks) Prepare the Statement of Financial Position for the year ended 31 December 2020. (11 marks) a. b