2.Burj Furniture has started a business selling furniture. During the year to 31st May 2021 the following transactions occur: 1) Introduced 8,000 Capital into the business. 2) Bought goods for 4,000. 3) Sold goods on credit for 1,200 to SZR Custom Cars. 4) Paid wages of 100. 5) Received a 6,000 cash loan from the bank. 6) Bought goods on credit for 3,000 From Mega Furniture. 7) Sold goods for 1,500 cash. 8) Bought a delivery van for use in the business costing 5,000. 9) Bought Stationary for 20. 10) Received and paid an electricity bill for 300. 11) Sold goods for 800 on credit to Palm Estates. 12) Paid a supplier 1,200. 13) Received 900 from SZR Custom Cars. 14) Repaired the delivery van costing 60. 15) Bought a fork lift truck on credit for 3,500. Required: a) Show the nominal ledger entries (using T-accounts) for the above transactions Close off each T-account and prepare an initial trial balance as at 31 May b) Produce a Statement of Profit or Loss for year ended 31st May 2021 and a Statement of Financial Position as at 31st May 2021 Note: Note: Closing inventory was 5,000 for Burj Furniture