The following is the Trial Balance of Sodagar Kaya Trading that has been extracted from thebusiness books of account on 31 December 2021. SODAGAR KAYA TRADING Trial Balance as at 31 December 2021 Debit Credit (RM) (RM) Opening Capital, 1 January 2021 Opening inventory 267,100 32,000 Drawings 3,000 Bank 74,240 Cash 5,000 Purchases and Sales 111,000 188,000 Discount 750 1,200 Returns 700 950 Telephone and postage 1,000 Wages on purchases 3,050 Interest 2,850 1,300 Office equipment 23,000 Carriage inwards 1,600 Carriage outwards 2,780 Accounts receivable and Accounts payable 135,300 79,000 Insurance 2,400 Commission 2,500 3,800 Rent and rates 10,450 Motor vehicles 120,000 Salaries 34,000 Bad debts 4,230 Provision for doubtful debts 3,600 Provision for depreciation - Office equipment 2,300 -Motor vehicle 22,600 569,850 569,850 Additional information: The following additional information is available on 31 December 2021 and is to be taken into account. a) Closing inventory on 31 December 2021 was RM18,000 at cost price. b) Telephone and postage expenses of RM800 are accrued. c) Depreciation on office equipment to be charged at the rate of 10% perannum using the straight-line method. d) Depreciation on motor vehicles is calculated over 10 years on the straight-line method, assuming a residual value of RM8,000. e) Bad debts recovered were RM1,800 and paid by cheque. f) The Provision for doubtful debts is to be adjusted to 2% on Accountsreceivable. g) Advertising expense amounted to RM1,050 was outstanding. You are required to show a handwritten answer which consists of: a) Statement of Comprehensive Income for the year ended 31 December 2021 b) Statement of Financial Position as at 31 December 2021