The following Trial Balance was extracted from the books of ZZZ Manufacturing as at 31 December 2019.

ZZZ Manufacturing

Trial Balance as at 31 December 2019

	Debit (RM)	Credit (RM)
Accounts
Cash	68,000
Beginning inventories	24,300
Bank	106,000
Prepaid bills	3,000
Sales		104,900
Purchase	34,600
Custom duties	890
Salaries	13,000
Carriage inwards	190
Heat and lighting expense	7,500
Allowance for Doubtful Debts (AFDD)		550
Insurance	6,000	.
Bad debts	290
Debtors	34,000
Machineries	100,000
Fittings and furniture	43,000
Accumulated depreciation- machineries		20,000
Accumulated depreciation-fittings and furniture		6,450
Rental accrued		1,000
Carriage outwards	410
Commission income		6,500
Discount received		5,380
Advertisement	8,400
Creditors		12,300
Drawings	7,500
Loan		100,000
Capital		200,000
	457,080	457,080

Additional information:

1. Closing stock as at 31 December 2019 was RM32,400.
2. The owner took cash amounted of RM900 for personal use.
3. Advertisement of RM2,200 was still outstanding as at 31 December 2019.

4. One of the employee was given an advance salary of RM1,000.

5. Bad debt of RM700 was identified to be written off.

6. Depreciation for the year are as follows:

Machineries - 10% on cost

Fittings and furniture - 15% on net book value

7. Allowance for doubtful debts is increase by RM120.

Required:

1. Prepare Statement of Comprehensive Income for the year ended 31 December 2019 and; (10 marks)

2. Statement of Financial Position as at 31 December 2019. (15 marks)