The following trial balance was extracted from the books of Flora Trading as at $31$st December $2020.$

$\backslash$table$[[$Particulars$,$Debit,Credit$],[,$RM$,$RM$],[$Sales$,,334,000],[$Purchases$,260,000,],[$Retum outwards,,$26,500],[$Retum inwards,$21,000,],[$Discounts$,5,550,3,500],[$Carriage expenses,$10,000,],[$Duty on purchases,$3,300,],[$Inventory as at $1$ January $2020,46,000,],[$Salary expenses,$21,500,],[$Advertisement expenses,$6,600,],[$General expenses,$2,000,],[$Stationery$,1,000,],[$Utilities expenses,$12,000,],[$Interest on loan,$800,],[$Rental received,,$12,000],[$Commission received,,$5,000],[$Alowance for doubtful debt $1$ January $2020,,2,500],[3\%$ loan from Bank Rahmat,,$50,000],[$Accounts payable,,$24,000],[$Accounts receivable,$23,500,],[$Fumiture and fittings,$60,000,],[$Motor vehicles,$95,000,],[$Machinery$,60,000,],[$Building$,83,000,],[$Accumulated depreciation as at $1$ January $2020$:$],[$Motor vehicles,,$22,500],[$Machinery$,,12,000],[$Cash in hand,$21,950,],[$Cash at bank,$30,200,],[$Drawings$,6,000,],[$Capital$,,300,000],[$Insurance expenses,$3,500,],[$Repairs and maintenance,$5,500,],[$Rental$,13,600,],[792,000,792,000]]$

Additional information:

Inventory as at ${31}^{nt}$ December $2020$ was valued at RM $22,000.$

Required:

a$.$ The Statement of Profit or Loss for the year ended ${31}^{tt}$ December $2020.$