The following Trial Balance was extracted from the books of Joyce Trading as at 31 December 2019. Debit (RM) Credit (RM) Office equipment 15,850 Motor vehicles 9,150 Accumulated depreciation - Office equipment 3,510 Accumulated depreciation - Motor vehicles 1,373 Inventory as at 1 January 2019 3,415 Account receivable and account payable 9,060 3,632 Capital 29,608 Purchases and sales 19,110 31,560 Return inwards and return outwards 110 112 Discount Allowed and discount received 215 175 Advertising 4,250 Cash 1,630 Commission received 740 6% loan from Maybank 8,000 Rent 2,400 Maintenance 1,160 1,000 Salaries 3,105 Insurance 1,000 Bank 5,270 Carriage inwards 210 Carriage outwards 250 Telephone and electricity 610 Duty on purchases 915 78,710 78,710 Wages Additional information: 1. Inventory as at 31 December 2019 was valued at RM3,000. 2. Interest on loan taken on 1 July 2019 from Maybank had not been recorded in the accounts. 3. Salaries outstanding amounted to RM1,000 and prepaid insurance was RM300. 4. The owner had drawn RM150 cash from the business to spend on his son's birthday. 5. Depreciation was to be provided as follows: Office equipment 10% on straight line method Motor vehicles RM110 per month. Required: a) Prepare the statement of profit or loss for the year ended 31 December 2019. b) Prepare the statement of financial position as at 31 December 2019. (15 marks) (10 marks)