Balance sheet of Company Jolie dated 01.12.2018 showed the following accounts: a) tangible fixed asset (equipment) 40 000 b) trade receivables 8 000 c) inventory: traded goods 4 000** d) cash in bank account 16 000 e) share capital 30 000 c) bank loan 20 000*** 1) trade payables 10 000 * historical value of the car 120 000 ** traded goods: 2 000 units at 2 /unit *** interest: 12%/year In December, 2018 the company noted the following economic transactions: 1. Company's client paid 8 000 by bank money transfer for credit sales in June 2018. 2. Company repaid a long-term loan in the amount of 9 000 and additional 1 000 of interest. 3. One of the company employees received a pre-payment of 300 to office materials. 4. Company purchased with deferred payment an accounting software for 15 000 to be used for the next two years. 5. The employee brought office materials at a value of 300 (12 units at 25/unit), bought with a prepayment. 6. Company received an insurance for November 2018 for office building 2 500. 7. Company paid off 5 000 of trade payables. 8. Company sold traded goods by bank money transfer. Selling price was 2,50 per unit. 9. Sold traded goods were taken from the warehouse and delivered to the customer. 10. Company received a bill for 2 900 for renting a warehouse to store companies goods. The bill will be paid next month. Required: 1/ Open the accounts with opening balances. (4 points) 2/ Record all transactions. Materials are valued at cost of purchase. (20 points) 3/ Close all accounts, show their ending balances and calculate profit or loss for January 2018 according to costs by nature structure in the Profit (loss) account. (6 point)