a)Prepare an Income Statement for the year ended May 31, 2021 (b)From the information provided, list the items that belong in eachof the following categories:(i)Non-Current Assets(ii)Current Assets (iii)Current Liabilities

The following trial balance was extracted from the books of J. Brown as at 31 May 2021. DR CR S S Purchases and Sales 65,730 125,910 Stock at June 1, 2020 15,480 Bank overdraft 13,050 Capital 21,600 Cash 270 Discounts 4,320 2.880 Return inwards 2,430 Return outwards 1,710 Carriage outwards 6.480 Carriage inwards 2,850 Rent and Rates 5,220 Provision for bad debts 1.980 Machinery 5.100 Van 9.300 Provision for depreciation on Vans 3,000 Provision for depreciation on Machinery 1.500 Accounts Receivable and Payables 35,730 18,180 Drawings 8.640 Wages and Salaries 26,820 General office expenses 1,440 189 810 189.810 Notes: Closing stock $22,000 11 Wages and salaries: accrual $900; Office expenses accrued $500 111 Rent and rates prepaid $800 Increase the provision for bad debts to $2,000 Provision for depreciation Van 10%% of cost. and Machinery 1590 on the reducing balance method