2 Hills, a retailer, failed to keep records for his business. He has asked you to assist him prepare his profit or loss for the year ended December 31, 2016 to enable him secure a bank loan with Ecobank. The following were his assets and liabilities at the beginning and at the end of the year 31/12/2020 31/12/2019 GB GHe Plant and Machinery 70000 75,000 20500 Motor Vehicle 25,000 Furniture and Fittings 8500 10,500 45000 Stock 30,000 10250 Trade Creditors 5,500 Bank 4,675 8250 Cash 1,000 3000 Page 3 of 6 The following information is also available i. Hills drew cash of GHe 20500 from the business for his private use. fi Hills won lotto of GHe 6250 and deposited the cash into the business bank account You are required to: a) Prepare statement of affairs as at December 31, 2019 and December 31, 2020 b) Prepare statement of profit or loss made by him during year ended 2020 and c) A statement of financial position as at that date