The following was the trial balance extract from ABC Trading as at 31 March 2019

The following was the trial balance extract from ABC Trading as at 31 March 2019. Particulars DEBIT (RM) CREDIT (RM) Purchases and Sales 22,860 41,000 Inventory on 1 April 2018 5,100 Capital 8,170 Bank overdraft 4,300 Cash 140 Discount allowed and received 1,440 930 Returns inwards and outwards 790 570 Carriage outwards 2,180 Office expenses 450 Fixtures and fittings 1,210 Delivery van 2,000 Accounts receivables and account payables 11,900 6,720 Rent and insurance 1,790 Drawings 2,850 Wages and salaries 8,980 TOTAL 61,690 61,690 Additional information as at 31 March 2019: Inventory on 31 March 2019 was RM4,250 Wages and salaries accrued as at 31 march 2019 was RM210; outstanding office  expenses was RM30 Rent and insurance prepaid was RM150 Required: Prepare the Statement of Profit or Loss and Other Comprehensive Income for the  year ended 31 March 2019 Prepare Statement of Financial Position as at 31 March 2019

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