1. The following trial balance of Felix Stores was drawn up after the preparation of the trading account section of the income statement for the year ended 31 December 2018 Debit credit S 58500 19150 1300 5170 910 4270 7770 410 3000 Gross Profit Wages Office expenses Rent and property tax Insurance Carriage Outwards Motor Expenses Sundry expenses Commission received Inventory at 31 December 2018 Trade Receivables Bank Cash Trade Payables Long term loan from AB Finance Machinery Motor Vehicles Capital Drawings 25000 13350 9400 1000 8430 20000 20000 11000 38800 10000 128730 128730 a) Prepare the Profit and loss account section of the income statement of Felix Stores for the year ended 31 December 2018 b) Prepare the balance sheet of Felix Stores at 31 December 2018