(10 marks) A. From the given trial balance of Al Mas Shop, prepare 1. Income statement for the year 2020 S marks) 2. Balance sheet for 31" December, 2020 (15 marks) AL Mas Shop Trial Balance 31" December, 2020 Debit 5,300 Credit 50,000 10.000 10,800 1.500 Account Cash in hand Sale Cash in bank Account Receivable Inventory Land Intangible asset Prepaid insurance Account payable Interest payable Trade receivable 27,000 6,700 2.000 6.100 600 900 MEC_AMO TEM_05_22 Page 2 of 16 Accounting For Business (Buss 20001) - Summer - 21-cw 1 (Assignment - 26-O 1500 30,000 4500 1000 400 7.000 5,600 Financial debt Long-term loan Income tax payable Bond payable Wages payable Owner Drawing Purchase Notes payable Consultation revenue Salary payable Capital Administrative expenses Salary expenses Furniture Rent Revenue 9500 2000 13.000 30,100 20.000 7000 11.000 Total 133900 133900