The following balances were extracted from the books of Kopiko Sdn Bhd for the year ended 31 December 2020. Dr (RM) Cr (RM) Ordinary shares 450,000 10% debentures (secured) 200,000 Retained earnings 1.1.2020 242,000 General reserve 1.1.2020 171,000 Land and buildings 1.1.2020 (cost) 430,000 Plant and machinery 1.1.2020 (cost) 830,000 Accumulated depreciation Buildings 1.1.2020 20,000 Plant and machinery 1.1.2020 222,000 Inventory 1.1.2020 190,000 Sales 2,103,000 Purchases 1,845,000 Ordinary dividend 15,000 Debenture interest paid 10,000 Wages and salaries 254,000 Utilities (note (i)) 31,000 Sundry expenses (note (i)) 113,000 Suspense account (note (ii)) 420,000 Trade receivables / Trade payable 179,000 195,000 Bank 126,000 4,023,000 4,023,000 Additional information: (i) Sundry expenses include RM9,000 paid in respect of insurance for the year ending 1 September 2021. Utilities account does not include an invoice of RM3,000 for electricity for the three months ending 2 January 2021, which was paid in February 2021. Utilities account also includes RM20,000 relating to salesmen's commission. (ii) The suspense account is in respect of the following items:- Proceeds from the issue of 100,000 ordinary shares RM120,000 Proceeds from the sale of plant (note iii) RM300,000 RM420,000 (iii) The plant which was sold on 1.1.2020 had cost RM350,000 and net book value of RM274,000. RM36,000 depreciation is to be charged on all remaining plant and machinery for 2020. (iv) Included in land and building is a property which was acquired some years ago. The buildings element of the cost was estimated at RM100,000 and the estimated useful life of the assets was fifty years at the time of purchase. As at 31 December 2020 the whole land and building is to be revalued at RM800,000. 5 (v) The management wish to provide for: - Debenture interest due - A transfer to general reserve of RM16,000 - Audit fees of RM4,000 (vi) Inventory as at 31 December 2020 was valued at RM220,000(cost). (vii) Taxation is to be ignored. Required: In accordance to MFRS101 Presentation of Financial Statements (as amended), (a) Prepare the Statement of Comprehensive Income for the year ended 31 December 2020 (Show workings where appropriate); [18 marks] (b) Prepare the Statement of Financial Position for the year ended 31 December 2020 (Show workings where appropriate). [22 marks]