Am The Trend was started on January 2, 2021 by Michael Pearson as a sole proprietorship usiness. The business trades in an array of coloured and custom made graphic T-shirts. The ission statement of the business is "Dream it, wear it, live it". Michael Pearson's goal is to rovide high-quality inexpensive T-shirts for his customers. oday is 10 Feb 2021, and you have been asked as his junior accountant to prepare a complete et of books for the first month of the year and have been presented with the following business ransactions for the month: Additional Information: 1) The closing inventory of T-shirts at January 31,2021 , was valued at $4,500. 2) Please use the invoiceote numbers as indicated in the relevant transactions. Required: (a) Record the above transactions in the appropriate books of original entry for the month of January 2021. 15 marks (b) Post to and balance off the accounts in the relevant ledgers. 20 marks (c) Extract a trial balance. 20 marks (d) Prepare an income statement at the end of the first month of the year. 25 marks (e) Prepare a statement of financial position as at 31 January 2021. 20 marks