A wholesale fruit and vegetable merchant, does not keep full set of accounting records. However, the following information has been produced from the business records. Summary of the Bank Account for the year ended 31st December 2020 GHc GHc Balance b/d (1/1/20) Cash from customers Sales of private asset Sale of motor van (A123 BWA) 1,970 96,000 20,000 2,100 120,070 Payments to suppliers Purchase of Motor van (E471KBR) Rent and local taxes Wages Motor vehicle expenses Postage and stationery Drawings Repairs and renewals Insurance Balance c/d 72,000 13,000 2,600 15,100 3,350 1,360 9,200 650 800 2,010 120,070 Assets and liabilities, other than balance at bank were as follows 1 January 2020 31st December, 2020 Trade payable Trade receivable Rent and local taxes accrued Motor van: A123 BWA Cost Accumulated Depreciation E471 KBR Cost Accumulated Depreciation Inventory Insurance prepaid 4,700 7,320 200 10,000 8,000 - - 4,900 160 2,590 9,500 260 - - 13,000 ?? 5,900 2,00 The following additional information is made available: a) All receipts are banked and all payments are made from the business bank account b) A trade debt of GHc300 owing included in the trade receivable is to be written off as an irrecoverable. c) Depreciation of 20% per annum on cost is chargeable on motor vehicles. Depreciations charge in the year of acquisition but no depreciation should be charge in the year of disposal. d) Discounts received during the year ended 31st December 2020 from trade payables amounted to GHc1,100. Required: Prepare for Mawuko: a) Statement of Financial Performance for the year ended 31st December,2020. b) Statement of Financial Position as at that date