a) Identify the category of each account in terms of elements of financial statements and its debit or credit balance as on 31.03.2020 in the books of Tindorf Company. b) Prepare an appropriate financial statement of Tindorf Company as on that date. S. No. Particulars Amount Balance Category (Debit or credit) of Element 1 Cash at Bank 68000 2 Equity Share Capital 128000 3 7% Loan from Bank 60000 4 Debtors 42000 Bills Payable 42000 Outstanding Expenses 4000 Interest Receivable 8000 Inventory 38000 Bank Overdraft 28000 10 Retained Earnings 40000 11 Fixed Assets 200000 12 Deposits from Public 12000 13 Creditors 38000 14 Tax payable 4000