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The following trial balance was extracted from the books of Fyy Sdn Bhd as at 30 June 2017. Additional information: 1. Closing inventory as at 30 June 2017 was valued at RM4,600. 2. Puan Fay, the owner of the business, took some goods worth RM800 and cash RM500 for personal use. No record had been made in the books. 3. Encik All was in financial difficulties and Puan Fay decided to write off his debt totaling RM1,600. 4. Allowance for doubtful debt is to be adjusted to 5% on the outstanding accounts receivables. 5. Depreciation was provided as follows: Motor vehicles 20% per annum on reducing balance method Fixtures and fittings - 10% per annum on straight-line basis Office equipment 10% per annum on straight-line basis 6. Commission revenue of RM250 was still accrued on 30 June 2017. 7. Advertisement of RM1,500 was paid for the campaign that will be held in January 2018. 8. Interest on loan is 5% per annum. The loan was taken on 1 October 2016. Required: a. A Statement of Profit or Loss of Fyy Sdn Bhd for the year ended 30 June 2017. (18 marks) b. A Statement of Financial Position of Fyy Sdn Bhd as at 30 June 2017. (12 marks) Note 1: Use vertical format of presentation for both statements and show all calculations. Note 2: Calculate to the nearest RM. (Total: 30 marks)

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