1.5.4 From the following Trial Balance of WILSON ENTERPRISE, prepare the Income Statement for the year ended 31 December, 2004 and the Statement of Financial Position as at that dane TRIAL BALANCE AS AT 31/12/200 DR GHo CR Stock as at 1/1/04 460,000 1.500,000 Purchases returns Cash in hand Bank balance Freehold premises General Expenses Sundry Debtors Sundry Creditors Salaries and Wages 6.000 34,000 226,600 386,000 360,000 Capital Discount allowed Sales Rents Before preparing che accounts make the following adjustments G) Provide for Rents accrued due $15,000 Write off Depreciation at 5% on freehold premises i Stock at 31 December, 2004 is valued e520,000