B. BLK Ltd has the following trial balance as at 31" December 2021 Sales 60,000 Motor Vehicles 36,000 Accumulated Depreciation for Motor Vehicles 18,000 Opening Stock (as of 1st Jan. 2021) 6,000 Salaries expense 8,000 Accounts Receivables 30,000 Fees received 18,000 Cash Purchases Notes Payables 16,000 20,000 16,000 Rent Expenses 4,000 Utilities Expense 10,000 Machines 24,000 Accumulated Depreciation for Machines 12,000 Share Capital 30,000 154.000 154,000 The following information is also available: - (1) Closing stock at the 31st December 2021 is 8,000 (2) Included in Utilities expense costs of 1,000 paid in advance from Jan till June 2022 (3) Late rent of 3.000 is due and has not been paid or included in the rent expense yet (4) Depreciation follows straight line method 5% for Motor Vehicles, and 10% for Machines B. BLK Ltd has the following trial balance as at 31 December 2021 Sales 60,000 Motor Vehicles 36,000 Accumulated Depreciation for Motor Vehicles 18,000 Opening Stock (as of 1" Jan. 2021) 6,000 Salaries expense 8,000 Accounts Receivables 30,000 Fees received 18,000 Cash 16,000 Purchases 20,000 Notes Payables 16,000 Rent Expenses 4,000 Utilities Expense 10.000 Machines 24,000 Accumulated Depreciation for Machines 12.000 Share Capital 30,000 154,000 154,000 The following information is also available: - (1) Closing stock at the 31st December 2021 is 8,000 (2) Included in Utilities expense costs of 1,000 paid in advance from Jan till June 2022 (3) Late rent of 3.000 is due and has not been paid or included in the rent expense yet (4) Depreciation follows straight line method 5% for Motor Vehicles, and 10% for Machines. Required Showing full workings you are required to.. Prepare an Income Statement and a Balance Sheet for BLK Ltd at 31 of December 2021