Ms. Nice is a sole trader and you are given the following information relating to her business: Trial balance as at 30 September 2020 Dr Cr RM RM Inventory as at 1 October 2019 19,184 Wages & salaries 106,533 Sales 464,020 Carriage inwards 2,229 Rent 18,465 Gas 20,005 Purchases 227,855 Accounts receivable 74,400 Account payable 53,749 Machinery: at cost 232,140 Computers: at cost 97,080 Machinery: accumulated depreciation at 1 October 2019 77,580 Computers: accumulated depreciation at 1 October 2019 54,600 Drawings 34,102 Bank 1,857 Bad debt expense 14,408 Allowance for doubtful debts at 1 October 2019 2,276 Capital 192,319 846,401 846,401 Additional information: 1. The inventory was counted at 30 September 2020 and was valued at RM16,491. 2. Depreciation is to be applied at the following rates: Machinery: (reducing balance) 15% Computers: (straight-line) 25% 3. The amount shown for rent on the trial balance includes a payment of RM10,500, which represents twelve months' rent to 31 May 2021. 4. Gas charges incurred for which no invoices have yet been received amount to a total of RM5,786. 5. The allowance for doubtful debts is to be set at 4 per cent of accounts receivable. Required: (a) Prepare a Statement of Profit or Loss for the year ending 30 September 2020.