The following information relates to Brex Berhad for the year ended 28 February 2020: Brex Berhad Trial Balance as at 28 February 2020 Dr RM Cr RM Dividends paid 61,810 Purchases 433,903 Sales Returns Outwards Motor expenses Accounts receivable Rent 986,143 2,951 19,705 102,000 19,489 Inventory as at 1 March 2019 43,104 Accounts payable 85,747 Plant & equipment: at cost 579,660 Motor vehicles: at cost 250,560 Plant & equipment: accumulated depreciation at 1 March 2019 110,880 Motor vehicles: accumulated depreciation at 1 March 2019 61,440 Sundy operating expenses 108,476 Cash at bank 1,092 6% loan notes 2028-2030 150,000 Loan note interest paid 4,500 General reserve 22,600 Bad debt expenses 24,310 Share premium 46,000 Allowance for doubtful debts at 1 March 2019 4,093 Issued ordinary share capital 62,000 Rent received 7,070 Directors' remuneration 78,890 Retained profits at 1 March 2019 188,575 1,727,499 1,727,499 Additional information: 1. The inventory was counted on 28 February 2020 and was valued at a cost of RM 44,201. 2. Depreciation is to be charged at the following annual rates: i. ii. Plant & Equipment (reducing balance) - 15% Motor Vehicles (straight-line) -20% 3. The amount shown for rent on the trial balance includes a payment of RM 6,120 which represents twelve months' rent to 31 October 2020. 4. Motor expenses incurred for which no invoices have yet been received amount to a total of RM 5,661. 5. The allowance for doubtful debt is to revise to 5% of accounts receivable. 6. The loan note interest is paid in two annual instalments and the second instalment needs to be provided for. 7. The corporation tax charge on the profit for the year is estimated to be RM 40,000. 8. The directors wish to transfer RM 7,000 to general reserve. Required: (i) Prepare the Statement of Profit or Loss and Comprehensive Income for the year ended 28 February 2020 as per MFRS 101 - Presentation of Financial Statements (34 marks) Prepare the Statement of Financial Position as of 28 February 2020 as per MFRS 101 Presentation of Financial Statements. (50 marks) (ii) (iii) Prepare the Statement of Changes in Equity for the year ended 28 February 2020 as per MFRS 101 - Presentation of Financial Statements. (16 marks)