3:02 Done 13 of 13 Question 5 Marks) Financial Statements (16 The following is the Trial Balance of Peter's Carpets for the year ended 30 June 2021. Required: (b) year ended 30 June 2021. (a) Prepare an Income Statement for the Prepare a Balance Sheet as at 30 June 2021. Additional Information: The Trial Balance below needs to be adjusted for the following Land & Buildings i.e. (Balance Day Adjustments) 1. A stock-take showed that Closing Inventory 30/6/21 was $48,000. 2. It was discovered that $540 of the Insurance paid, belonged to next year. 3. An additional $2,000 of Salaries Office staff was unpaid at balance date. Trial Balance Working Motor Vehicles Rack Overdraf Accs Revable 70,000 Sales 1.104,000 ventory1/7/20 36,000 Purchases Mortgage 16,000 Ac GST Collected GST Paid C Advertising 1,400 Office Expe 11,400 Bad Debts 1,360 Drawings 18,000 Salaries Sales 10,000 Salaries-Officesta 54,000 4540 (a) 010000010000 Income Statement of Peter's Carpets for the year ended 30 June 2021 D