The following is the Trial Balance (extract) of Perry Sdn Bhd as at 31 December 2019. DEBIT (RM) CREDIT (RM) 6% Fixed deposit 18,000 Furniture 12,000 Motor vehicles 70,000 Accumulated Depreciation - Furniture 1,200 - Motor vehicles 25,200 Allowance for doubtful debts 2,500 Account receivable (Debtors) 28,500 Bank 780,000 Cash 5,000 10% Loan from MMB Bank 50,000 During the year ended 31 December 2019, the following transaction took place: a. On 22 March 2019, the business acquired a land costing RM 600,000. One-third (1/3) of the amount was paid by cheque and the balance was financed by a loan from Affin Bank. b. On 7 September 2019, the business purchased furniture costing RM 3,000. This amount was settled by cash. c. Loan from MMB Bank was taken on 3 July 2019. Interest on loan has yet to be paid. d. The business started to invest in fixed deposit on 1 October 2019. The business is yet to receive the interest e. Bad debts to be written off amounted to RM 1,500. f. Allowance for doubtful debts is to be provided 10% of the net debtors. Depreciation of the assets are to be provided as follows: Furniture -10% per annum on cost based on monthly basis. Motor vehicles 20% per annum on book valued based on yearly basis. iii. Prepare Statement of Financial Position (extract) as at 31 December 2019. (7 MARKS)