3: In this task your line manager wants to assess your understanding and ability to prepare and produce th appropriate final accounts such as profit and loss account, owners' equity statement, and balance sheet. Instructions 1) Produce the final accounts for a sole trader business (Software Programming Company) including profit and loss account, owners' equity statement, and balance sheet for the Period ended August 31th. Using the trial balance that you have produced in problem 2. 2) Compare the essential features of each financial account statement to analyse the differences between them in terms purpose, structure and content. TRANSACTIONS 1. 01/08/2020 Sara started a business with cash RO.45600 and furniture RO. 14400 2. 02/08/2020. She purchases additional furniture for RO. 2500 for cash. 3. 03/08/2020. She purchased computer for RO. 1250 for cash 4. 05/08/2020. She purchased office supplies for RO. 6450 for cash 5. 08/08/2020. She provided her first service on account RO. 550. 6. 09/08/2020. She purchased additional office supplies for RO. 1400 for credit. 7. 10/08/2020. She provided service for cash RO. 2860 8. 12/08/2020. Sara bought a car for her personal use with the money given by her father RO. 12500 9. 13/08/2020. Sara received money from her customer she provided service on 08/08/2020. 10. 15/08/2020. Sara withdrawn money from business for her personal expenses RO. 360 11. 18/08/2020. Purchased an insurance policy for RO. 1800 for cash. 12. 20/08/2020. Sara paid wages and salaries RO. 3000 for the month 13. 22/08/2020. Received electricity and water bill and settled in full. RO. 500. 14. 23/08/2020. Received from a customer RO, 1260 for providing services on a future date. 15. 30/08/2020. Purchased office supplies for RO. 1350 for cash.28/06/2020. Withdraw money for personal use RO. 185 wwww