The following balances were extracted from the books of VE Enterprise on 31 December 2021. Capital Motor vehicles Particular RM RM 50,000 90,000 Fixtures & fittings 48,500 Inventory as at 1 January 2021 32,200 Allowance for doubtful debts 500 Accumulated depreciations as at 1 January 2021: Motor vehicles 16,000 Fixtures & fittings 10,400 3% fixed deposit 30,000 4% bank loan Sales Purchases Sales returns Purchases returns 50,000 199,070 73,500 2,050 2,120 Discount allowed 2,550 Discount received 2,830 Account receivables 37,700 Account payables 48,650 Carriage inwards 3,570 Interest received 450 Commission received Salaries Electricity bills 2,600 16,100 5,400 Custom duty on purchases 3,000 Insurances Maintenance expenses 450 3,300 Drawing Cash in hand Cash at bank 2,300 6,800 25,200 Additional information: 1. Inventory as at 31 December 2021 18,180 2. Electricity bills was paid in advanced by RM500. Meanwhile RM400 commission are not received yet. 3. One of the customers Amri Sport Enterprise was declare bankrupt and unable to pay the debt amount RM700 4. Salaries are accrued by RM140. 5. 'Purchases' include goods valued at RM1,040 that were withdrawn by Azwin for her own personal use. Required: a) Prepare Income Statement for the year ended 31 December 2021 b) Prepare Statement of Financial Position as at 31 December 2021 (15 marks) (10 marks)