The following is the Trial Balance of Maple Union Berhad at 31 December 2021. DR CR RM Machinery at cost Accumulated depreciation as of 1 January 2021-machinery Motor vehicles at cost Accumulated depreciation as of 1 January 2021 - motor vehicles Furniture & equipment at cost Accumulated depreciation as of 1 January 2021-furniture & equipment Long term loan (repayable on 30 November 2023) Ordinary share capital 9% preference share capital Trade receivables & payables Allowance for doubtful debts Sales & purchases Salaries & wages Bank Bad debts Returns Discounts Loan interest Telephone expenses Rent, rates and insurance Inventory as of 1 January 2021 Retained earnings as of 1 January 2021 60,000 50,000 25,000 38,000 RM 10,000 8,000 5,000 30,000 50,000 30,000 21,000 400 303,600 190,000 24,000 34,500 600 2,100 1,600 1,500 4,000 16,000 4,500 10,000 461,800 461,800 1,950 1,850 The following additional information are available: i. Inventory at 31 December 2021 is valued at RM13,000. ii. Rates and insurance are prepaid by RM1,500. iii. Wages of RM400 is owed. iv. The allowance for doubtful debts is fixed at 4% of trade receivable balances. Bad debts of RM500 is to be written off. v. Rent of RM400 is due but yet to be paid. vi. Long term loan interest is 10% per annum. vii. Depreciation of motor vehicles and furniture & equipment are based on 15% per annum on cost. Machinery is depreciated at 15% per annum on reducing balance method. viii. The director proposed a final ordinary dividend of 10%. ix. The proposed corporate tax rate is 30%. Required: Prepare: a. the statement of Comprehensive Income for the year ended 31 December 2021. (25 marks) b. the statement of Financial Position as at 31 December 2021. (15 marks)