The following balances were extracted from the books of DUDU Enterprise as at 30 June 2021 ACCOUNTS RM RM Capital 900,000 Account receivables 45,500 Account payables 63.700 Land and buildings 780,000 Machineries 55,000 Motor vehicle 180,000 Accumulated depreciation on Machineries 24,000 Accumulated depreciation on Motor 87,840 vehicles Allowance for doubtful debts 7.300 Inventories as at 1 July 2020 35,000 Purchases 200,000 Sales 450,000 5% investment in unit trust 230,000 4% loan from CEBE Bank 60,000 3% mortgage loan 150,000 Repair and maintenance 7,000 Salaries and wages 50,000 Rental received 24,000 Commission received 38,000 Carriage inwards 6,000 Carriage outwards 5,500 Return inwards 9,900 Return outwards 4,200 Duty on purchases 3,600 Discount allowed 8,400 Discount received 7.200 Cash at bank 170,000 Cash in hand 24.040 Interest on loan from CEBE Bank 1.800 Interest on mortgage loan 4,500 1,816,240 1,816,240 Additional information: 1. Inventory as of 30 June 2021 was RM47,000, 2 3 Additional motor vehicle worth RM10,000 was purchased during the year. Full payment was made by cheque. However, this transaction was not recorded in any books. Depreciation charged for the year ended 30 June 2021 were as follows: a. Machineries - 10% on the cost, scrap value RM7,000, yearly basis. b. Motor vehicle - 20% on the carrying amount, yearly basis. 4 During the year ended 30 June 2021, one of the accounts receivables owing RM3,000 died. DUDU Enterprise decided to write off the amount as bad debts. It is DUDU Enterprise's policies to provide annual allowance for doubtful debts at the rate of 3% on net account receivables. The following adjustment are to be made for the financial year ended 30 June 2021 Accruals RM Prepayments RM Commission received 500 Salaries and wages 3,000 Repair and maintenance 400 Rental received 2.500 5 6 3 months interest on loan from CEBE Bank was not yet paid 7. The investment in the unit trust was made on 1 January 2021. Dividend on investment was not yet received Required: a Prepare Statement of Profit or Loss for year ended 30 June 2021. (20 marks) b Prepare Statement of Financial Position as at 30 June 2021. (13 marks)