The following trial balance relates to Azhar Berhad, a manufacturer of car spare parts, for the year ended 31 December 2019:

	Debit	Credit
	RM000	RM000
Administrative expenses	44,400
Bank		2,600
Capitalised development costs	40,000
Closing inventory at 31 December 2019	40,000
Cost of sales	408,000
Over - provided tax		1,600
Distribution cost	29,000
Auditors fees	5
Equity dividend paid	13,600
Ordinary share capital		120,000
Interest on bank borrowings	400
Freehold land as at 1 January 2019	100,000
Leasehold building at cost	100,000
Leasehold building -accumulated depreciation at 1 January 2019		20,000
Plant and equipment at cost	153,200
Plant and equipment accumulated depreciation at 1 January 2019		49,200
Investment income		5
10% Bond: Foreign loan		30,000
Research costs	17,200
Revenue		700,000
Retained earnings at 1 January 2019		49,000
Tax paid	10,000
Trade payables and provisions		69,600
Trade receivables	86,200
	1,042,005	1,042,005

You are provided with the following additional information

1. Included in the revenue is sales of RM15,000 taken place in January 2020.
2. The freehold land was revalued at RM150,000,000.
3. Included in the capitalized development costs was RM1,000,000 incurred in relation to research expense.
4. The tax expense for the year was determined to be RM12.8 million.
5. Company made a rights issue of 1 share for every 20 shares held on 31 December 2019. All the shares were taken up by the shareholders.
6. The companys policy is to depreciate plant and equipment using the straight-line method on a year basis. The plant and equipment is estimated to have a usefull life of 10 years. Depreciation on plant and equipment are charged to cost of sales. The freehold building is depreciated at rate of 5% per carrying value.

Required answer all question :

Prepare the following statements

1. Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2019. (16 marks)
2. Statement of Changes in Equity for the year ended 31 December 2019. (4 marks)
3. Statement of Financial Position for the year ended 31 December 2019. (10 marks)