The following unadjusted trial balance of Brad Trading Co as at 31 December 2019 is as follows: Brad Trading Co Unadjusted Trial Balance as at 31 December 2019 Debit (RM) Credit (RM) Bank Overdraft 13,000 Insurance 10,000 Accounts Receivables and Accounts Payables 120,000 3,000 Inventory 20,700 Share Capital 48,200 Motor vehicles, at cost 55,800 Accumulated Depreciation-Motor Vehicle 9,000 Purchases and Sales 240,000 400,000 Sales Retun and Purchases Retun 5,500 2,000 Provision for Doubtful Debts 1,000 Wages 14,000 Heating and Lighting 7,000 Freight inwards 2.600 Freight outwards 600 476,200 476,200 The following additional information were provided as at 31 December 2017: Closing inventory was RM18,000 Rental of RM1,000 was paid in advance Salaries of RM2,000 remained outstanding Motor vehicles current year's depreciation of 25% per annum based on reducing balance method Provision for doubtful debts was to be increased by RM2,000. Required: a) Prepare the Income Statement for the year ended 31 December 2017. b) Prepare the Statement of Financial Position as at 31 December 2017