You are required to:

a) Prepare the Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2022.

b) Prepare the Statement of Financial Position as at 31 December 2022.

Additional Information: i. Inventory as at 31 December 2022, RM10,800. ii. Accrued advertising RM900. iii. Accrued rental expenses of RM120. iv. Prepaid salaries RM250. v. Depreciation rate on equipment is 15% and motor vehicles is 20% on cost. vi. Allowance for doubtful debts for year 2022 is 2% on account receivable. QUESTION 3: Golytin Lane Enterprise Trial Balance as at 31 December 2022