The following trial balance was extracted from the books Booth Enterprise at the close of business on 31 December 2021. Accounts Debit (RM) Credit(RM) Opening inventory 20,672 Sales 449,000 Purchases 312,000 General expenses 8,881 Salaries 54,535 Administration costs 13,123 Insurance 4,535 Rent 9,789 Bad debts 545 Plant 62,000 Equipment 18,000 Accumulated depreciation: Plant 9,500 Accumulated depreciation: Equipment 5,200 Allowance of doubtful debt 280 Trade receivables 10,200 Trade payable 7,800 Bank 8.500 Capital 72,000 Drawings 21,000 543.780 543.780 Additional information: 1. Inventory at 31 December 2021 RM19,122. 2. Salary accrued at 31 December 2021 RM5,435. 3. Administration costs owing at 31 December 2021 RM312. 4. Insurance paid in advance at 31 December 2021 RM765 5. The allowance of doubtful debts is to be maintained at 5% of trade receivables 6. Depreciation is to provided as follows: (Plant: 20% on cost): (Equipment: 20% on reducing balance). Required: A. Prepare a statement of profit or loss for the year ending 31 December 2021 B. Prepare a statement of financial position as at 31 December 2021 (15 marks) (15 marks)