92-(11 Marks bl:11): The brut balances before and after adjustments for Mahmood Company at the end of its scal year are presented below DANIEL TRADING TRIAL BALANCE Cash SDEBIT SCREDIT 11,200 Accounts receivable Machinery Accumulated depreciation on machinery Interest payable Notes payable (long-term) 12.150 54,000 8.000 $2,980 $5,200 Accounts payable 8,000 Owner's capital (beginning 48,000 Owner's Drawings 14.230 Service revenue 102,000 Interest revenue 10,500 Depreciation expense 27,500 Salaries and wages expense 54,200 Utilities expense 11,400 Reparis expense 1750 Required: 1- Prepare Income statement for 31-12-2021 2 Prepare Balance sheet for 31-12-2021 184.680 1846801 (5 M) (6 M)