The following trial balance has been extracted from the ledger of YahooMail, a sole proprietor. The following additional information as at 31 December 2021 is available: (i) Insurance has been prepaid by RM200. (ii) Rent accrued was RM1,200. Page 2 of 5 May-August 2022 Assigrment DHH2OHDHH2013 lutroduction to Accoterting (iii) Inventory at the close of business was valued at RM3,700. (iv) The allowance for doubtful debts to be increased to RM816. (v) Fixture and fittings to be depreciated at 10% per annum using the straight line method. Required: (a) Prepare a statement of profit or loss for the year ended 31 December 2021. (15 marks) (b) Prepare a statement of financial position as at 31 December 2021 . (15 marks)