*2. Piyush is a financial adviser. He provided the following information on 31 October 20-6. $ Commissions earned 72 100 Interest received 2 900 Staff salaries 28 500 Rent 9 400 Postages and telephone expenses 5 700 Light and heat 1 100 Insurance 800 General expenses 3 500 Prepare Piyush's income statement for the year ended 31 October 20-6. *3. Rani owns a retail store. For the year ended 31 December 20-9 she made a gross profit of $35 000. She provided the following information for that year. $ Drawings 17 000 Wages and salaries 23 000 Rent received from subletting 6 000 General expenses 13 500 Loan interest 1 000 Discount allowed 500 Discount received 870 Advertising 680 Property tax 1 240 Motor expenses 2 550 (a) Starting with the gross profit, prepare the profit and loss section of the income statement for the year ended 31 December 20-9. (b) Prepare Rani's capital account as it would appear in her ledger for the year ended 31 December 20-9. On 1 January 20-9 her capital was $46 000