The following trial balance has been extracted ledgers of Sherry Enterprise, store owner. The following additional information as at 31 December 2021 is available: i. Closing inventory at 31 December 2021,RM100,000. ii. Wages amounting RM5,000 still remained unpaid and prepaid rent during the year was equal to RM500. iii. The provision for doubtful debts to be increased to 10 per cent of debtors. iv. Telephone bill outstanding RM320 still remained unpaid. v. Depreciation is to be provided on the following basis: > Shop fittings at 15% on cost > Van at 7% on cost. Required: a) Record the transactions, as given in the additional information No. 2 until No. 5, in a journal (Note: Explanation is NOT required). b) Prepare a Statement of Profit or Loss for the year ended 31 December 2021. c) Prepare a Statement of Financial Position for the year ended 316 Marks) er 2021. (18 Marks) [Total: 40 Marks]