The following balances were extracted from the books of Ceri Indah Bakery, a sole trader on 31 December 2022. Ceri Indah Bakery Trial balances as at 31 December 2022 Descriptions RM RM Purchases and sales 286,500 381,900 Inventories 29,400 Sales and purchase return 10,500 7,600 Carriage inwards 14,700 Discount allowed and discount received 2,400 1,800 Wages and salaries 36,600 Insurance expenses 3,300 Printing and stationery expenses 14,400 Postage and telephone expenses 9,600 Electricity expenses 8,400 Bad debts 8,100 Provision for doubtful debts 3,600 Advertising expenses 9,300 Sales commission expenses 15,300 Building (Cost RM104,400) 87,900 Motor vehicles (Cost RM36,300) 18,300 Bank Overdraft Cash 30,800 Trade receivables 77,000 Trade payables Capital 61

The following balances were extracted from the books of Ceri Indah Bakery, a sole trader on 31 December 2022. Additional information: 1. Closing inventories as at 31 December 2022 were RM128,500. 2. Accrued electricity RM900. 3. Additional bad debts of RM1,600 is to be written off. 4. The owner took RM200 of cash and RM500 of goods for his personal use. 5. RM600 of wages and salaries was paid in advance. 6. The advertising expenses of RM250 are still not paid. 6 Business Accounting (BAAB1014) CONFIDENTIAL January 2023 Special Examination Required: a) Prepare Ceri Indah Bakery's Statement of Profit or for the year ended 31 December 2022. (15 marks) b) Prepare Ceri Indah Bakery's Statement of Financial Position (post adjustments) as at 31 December 2022. (15 marks) (Total: 30 Marks)