Using the Trial Balance with required adjustments from your case, produce the business’s SOFP and IS (show your workings)

Please follow the format in example！！！
I need to know gross profit, net profit

example answer：

can you ignore the data I provided. draw up an imaginary business’s Trial Balance (as at 01.09.2020) and come up with a list all adjustments, set data you like

and then Using the Trial Balance with required adjustments from your case study, produce the business’s SOFP and IS (show your workings). I provide this template before, need to contain elements such as:gross profit and net profit

follow the format in template
 
 
 
 
 

Archie's Company Trial Balance as at 01.09.2020: Trial Balance of Archie's Company at Cr Dr 01.09.2020: 2. 3. 63,000 4 cash 5 accounts receivable 6 supplies 7 prepaid insurance 8 buildings 10,000 5,000 12,000 500,000 50,000 land 9. 10 accounts payable 11 notes payable 12 retained earmings 13 drawing 5,000 300,000 200,000 10,000 600,000 14 revenue 15 salaries 325,000 50,000 repairs 16 10,000 17 advertising 50,000 18 rent 20,000 19 interest expense 1,105,000 1,105,000 20 Examle 3 Easy Grow Gardening Scroll Lock E.