The following information was extracted from the books of KP Mark Enterprise on 31 December 2021: Additional information: (i) Rent accrued amounted to RM1,210. (ii) Insurance prepaid amounted to RM2,430. (iii) Building is depreciated at 15% on cost. (iv) Other non-current assets are depreciated at 20% per annum, using reducing balance. (v) Closing Inventory fully counted on 31 December amounted to RM381,900. ACC1001 (F) / Page 2 of 4 Required: Show all your working. (a) Prepare the Income Statement for the year ended 31 December 2021, and (15 marks) (b) the Balance Sheet as at 31 December 2021