2. By taking consideration of the following transactions of M/s Time Zone, you are requested to prepare Trial Balance through recording process. [8] DATE Dec. 01 Dec. 02 Dec. 04 Dec. 10 Dec. 12 Dec. 14 Dec. 18 Dec. 19 Details Business started with cash Opened a bank account with ICICI Goods purchased for cash Paid stationary Goods sold on credit to M/s Lara India Cash received from M/s Lara India Paid trade expenses Goods purchased on credit from Taranum Amount 1,20,000 4,00,00 12,000 500 25,000 10,000 700 32,000 Dec. 20 11,500 Dec. 24 Dec. 26 Dec. 28 Dec. 29 Dec. 30 Dec. 31 Cheque received from M/s Lara India for final settlement and deposited same day into bank Paid for stationery Cheque given to Taranum on account Paid rent by cheque Drew cash for personal use Cash sales Goods sold to M/s Rupak Traders 1,200 20,000 4,000 10,000 12,000 11,000 3. Helen Rupp is the owner of a successful printing shop. Recently, her business has been increasing, and Helen has been thinking about changing the organization of her business from a proprietorship to a corporation. Discuss some of the advantages Helen would enjoy if she were to incorporate her business