Extracted text: i. Inventory at 31 December 2020: RM14,510 a. Raw materials b. Finished goods ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200 ii. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rent prepaid RM140 RM44,490 Required: a) Prepare statement of cost production for the year ended 31 December 2020. b) Prepare statement of comprehensive income for the year ended 31 December 2020. c) Prepare statement of financial position as at 31 December 2020. 5. Jojomat Ltd owns a small business making and selling children's toys. The following trial balance was extracted from her books on 31 December 2020: Credit RM Particulars Debit RM Capital Drawings Sales Inventory at 1 January 2020: Raw materials Finished goods Purchased of raw materials Carriage inwards Factory wages Office salaries Jojomat : Salary and expenses General expenses: Factory Office Lighting Rent Insurance Advertising Bad debts Discount received 15,000 2,000 90,000 3,400 6,100 18,000 800 18,500 16,900 10,400 1,200 750 2,500 3,750 950 1,400 650 1,600 Carriage outwards Plant and machinery, a cost less depreciation Car, at cost less depreciation Bank Cash in hand 375 9,100 4,200 3,600 325 7,700 6,000 112,600 112,600 Account receivable and account payable TOTAL Additional information: Inventory at 31 December 2020: a. Raw materials RM2,900 b. Finished goods RM8,200 i. Depreciation for the year is to be charged as follows: a. Plant and machinery b. Car RM1,500 RM500 At 31 December 2020 insurance paid in advance was RM150 and office general expenses unpaid were RM75 iv. i. Lighting and rent are to be apportioned :4/5 Factory, 1/5 Office Insurance are to be apportioned: % Factory % Office vi. Jojo is the business sales person and her salary and expenses are to be treated as a selling expense. She has sole use of a business car. V. Required: a) Prepare statement of cost production for the year ended 31 December 2020. b) Prepare statement of comprehensive income for the year ended 31 December 2020. c) Prepare statement of financial position as at 31 December 2020.