b) The following balances were extracted from the books of Maina, a sole trader for the period ending 31 December 2016 . Further notes: i) Inventory on 31.12.2016 was valued at sh223,200 ii) Rates paid in advance amounted to 2,480 iii) Half of the electricity and water is consumed domestically by Maina's family. iv) Depreciation policy is as follows: Depreciation is provided on a straight line basis. Required; 1) Statement of comprehensive income for the year ended 31.12.2016 ( 9 marks) ii) Statement of financial position as at 31.12.2016 (6 marks)