Appendix A Trial Balance Owner's capital Sales Revenue Village-Wide Catering Company Trial Balance For the Year ending 31st March 2022 Debit Credit 100,000 179,200 Opening stock 20,500 Purchases 82,000 Rent and Rates 14,400 Wages & Salaries 65,200 Utility Bills 8,000 Machinery & bequipments 80,000 Van 12,000 Interest on Bank Loan 500 Bank loan 45,000 Trade creditors 13,700 Debtors 16,900 Provision for doubtful debts 8,500 Cash in hand & Bank 27,200 Insurance premium 2,200 Petrol & Reapirs 500 337900 337900 End of the year adjustment entries: 1.Closing stock, 12,500 2. Depreciate manchinery & equipment by 20% using stratightline Method 3. Write off 20% Bad debts 4. Depreciate Van by 25% 5. Rent & Rates includes 1,000 paid in advance 6. Utility used, but bill amounting to 500 not paid yet. Requirements: Prepare Income statement Statement of Financial Position (Balance Sheet)