B124 Class Assiznment Bclow is the trial bulance of Nour's Publishing at December 312020. Nour's Publishing Trial balance as at December 31 Trading account: Sales. Opening iaventory Purchases Carriage inwands Other revenue and expenses: Subseriposon income Rent Heating and lighting Advertising expense Motor expenses Discounts allowed Carriaze outwards Balance sheet accounts: Equipment Equipment - accumalated depreciation Motor vehicle Motor vehicle - accumulated depreciation Receivables The following informatiow is relcrant for the end-of-period adjustwemk 1 Depreciation on the equipencen is provided at 10% per annum on the straight line basis. 2 Depreciation on the motor vehicle is provided at 25% per armum on the roduking balance mothod. 3 Rent inclades a prepayment of $3,000. 4 Advertising expense includes a frepayment of $1,500. \$. Nour estimates that $5,000 bue froen cuslomers will be incecoverable and must be written off. 6 The allowance for receivables is to be set at 4% of net receivables at 31 December 2020 . 7 The bank loan is repayable in 8 years' time. Interest payable on the loan is 8% and will be paid onee per year. 8 The beating bill will artive on 10 January 2021 and aboest $600 is expected to relate to the period unta 31 December 200 9 The elesing inventory at 31 December 2020 is valued at $15,000. 10 The subscriptice income of $6,000 received relates to the period froen 1 May 2020 to 30 April 2021. Requiral: 1) Make the end-of-peried adjustments essing double-entry bookkeeping entries without a joumal narrative 2) Prepare the income statement for the year ended December 31, 2020. 3) Prepare the balance sheet for Nour's publishing as a 31 December 2020 . 4) What would be the effect on the financial statements at December 31,2020, if the adjusting eatry for the heating bill were not recoeded at the end of the year