B124 Class Assignment Bclow is the trial balance of Nour's Publishing at Decenber 312020. Nour's Publishing Trial balance as at December 31 Trading account: Sales Opening inventory \$. 5 Purchases Carriage inwards Other revenue and expenses: 300.000 Subscription income Rent Heating and lighting 20,000 199,000 2.000 Advertising expense Motor expenses Discounts allowed Carriage outwards 6.000 Balance sheet accounts: Equipment Equipment - accumulated depreciation 5,000 Motor vehicle 15,000 14,000 5.500 6.500 1.000 2.000 Motor vehicle - accumulated depreciation 25,000 Receivables 60,000 Allowance for receivables Bank The following information is relenat for the end-of-proind adjustmenn. 1 Depreciation on the equipment is provided at 10% per annum on the straight line basis. 2 Depreciation on the moter vetoicle is provided at 25% per annum en the redxing balunee method. 3 Reat includes a prepayment of 53,000 . 4 Advertising expense includes a prepayment of $1,500. 5. Nour estimutes that $5,000 due from cuatomers will be inecowerable and mast be writhen off. 6 The allowance for receivables is to be set at 4% of net receivables at 31 December 2020. 7 The bank loun is repayable in 8 years' time. Interest payable on the kan is 8% and will be paid osece per year. 8 The heating bill will arrive on 10 January 2021 and aboun 5600 is expected to relate to the period until 31 December 2020. 9 The closing imventory at 31 December 2020 is valued at 515,000 . 10. The subscripsion iscome of $6,000 received telates to the period froen I May 2020 to 30 Apnil 2021. Required: 1) Make the end-of-period adjustments esiag double-entry bookkeeping entries without a journal narrative 2) Prepare the income statement for the year ended Docember 31, 2020. 3) Prepare the balance shect for Nour's pablishing as at 31 December 2020. 4) What would be the effect on the financial stalements at December 31, 2020, if the adjesting entry for the heating bill aere not reconded at the end of the year