The following balances were extracted from the books of Topwatch Soln Bhd for the year ended 31 December 2021. Additional information: i. Closing inventory at 31 December 2021 was valued at RN65,000. This excluded the following items: - Product A, which had cost Rv, 3,000 to produce and had a net realisable value of RB12, 900 and - Product B, which was party completed. This had incurred costs to date of RMSOD and it is estimated that it will recquire a further RBs500 to complete. ii. In December 2021, the company sent goods on a ale or return basis to one of their customers. These goods were included, at their sales value, in the revenue figure in the trial balance. These geods had a cost price of RNS,000 and it is the policy of the company to add a margin of 20% to agese types of gocds. As at 31 December 2021 the customer had not agreed to buy these coods. agreed to buy these coods. iil. One of its customers, Antrim Sdn Bhi, who owed Ro4,000 was declared bankrupt. This is to be written off. iv. The provision for bad debts should be 4% of trade receivables. v. In December 2021, the company got the land professionally valued at Rk600,000. The company has decided to include thia valuation in their financial statement. vi. Rent prepaid during the period was RkS,000 at the end of the year. vii. The proceeds for sale of a motor vehicle, in the trial balance, relates to the tisposal, is of a motor vehicle that was purchased for Ra112,000 during 2019. vii. Depreciation is to be charged as follows. -Buildings 2% on cost Plant and machinery 20% on cost -Vehicles 25% reducing balance Full year's depreciation is charged in the year of purchase and none in the year of aale. ix. Provide for the debenture interest and preference dividend outstanding at year end. x. During January 2021, the company realised that the closing inventory at 31 December 2020 was understated by RN 7,700 . Required: In accordance to wFRS 101 Presentaton of Financial Statements (as amendedj. a. Prepare the Statement of Comprehensive Income for the year ended 31 December 2021 how workings where appropriatej. (20 marka) b. Prcpare the Statement of Financial Position for the yoar ended 31 December 2021 (Show workings where appropriate). (20 marks) Ignore notes to financial statements