Weng \& Sons Berhad has the following trial balance as at 30 June 2022 Additional information relating to Weng \& Sons Bhd: 1. The insurance includes RM10,000 which relates to July 2022 . 2. Buildings are depreciated at 5% of cost. Building depreciation during the year is allocated 50% to distribution costs and 50% to administrative expenses. 3. At 30 June 2022 the Land were professionally valued at RM3,150,000 and the directors wish this valuation to be incorporated into the accounts. 4. Depreciation is to be charged as follows: (i) Motor vehicles at 25% of written down value, allocated to distribution costs (ii) Furniture and equipment at 20% of cost, allocated to administrative expenses. 5. Inventory at 30 June 2022 was valued at RM 480,000 based on its original cost. 6. Based on past experience the provision for bad debts is to be increased to 5% of trade debtors and allocated to administrative expenses. 7. There are salaries outstanding of RM60,000 for the year ended 30 June 2022 . 8. The items listed below should be apportioned as follows 9. Tax of RM120,000 is to be provided for the year. Required: Prepare the following financial statements in a form suitable for publication to the shareholders of Weng \& Sons in accordance with applicable financial reporting standards in Malaysia (with relevant workings): a) Statement of Profit or Loss for the year ended 30 June 2022. (15 marks) b) Statement of Financial Position as at 30 June 2022. (10 marks)