The following were the balances of Champ Cosmctic Enterprise as at 31 August 2021: Additional informatrion: (i) Inventory as at 31 August 2021 was RM85,000. (ii) Wages and salaries outstanding as at 31 August 2021 amounted to RM 4,150 . (iii) Office rental payable owing was RM 6.000. (iv) The provision for doubtful debts was at 3% of the receivables" balance at year-end. (v) Rental received still owed RM 1,500. (vi) Bank loan iaterest payable owing was 7.5\% of loan to Malayan Finance. (vii) Ignore depreciation. ACC1103 (F) / Page 2 of 4 Required: (a) Prepare the Income Statement for the year ended 31 August 2021 . (13 marks) (b) Prepare the Statement of Financial Position as at 31 August 2021. (12 marks)