Based on the trial balance as of 30 June 2021 below, prepare financial statements Trial Balance As of 30 June 2021 Accounts DR CR Cash at Bank $227,000 Accounts Receivable $30,000 Inventory (Opening) $20,000 Accounts Payable $45,000 $150,000 Loan Payable Aiden, Capital $80,000 Aiden, Drawing $15,000 Sales Revenue $175,000 Sales Returns and allowances $5.000 Sales Discount (Discount allowed) $3,000 Purchase $85,000 $2,000 $1,500 Purchase Return and Allowances Purchase Discount (Discount received) Freight Inwards Advertising Expense $2.500 $9,000 Interest Expense $1,000 Rent Expense $12.000 Income Statement For the Year ended 30 June 2021 Income . Less: $3,000 Less: Sales Returns and allowances Net Sales Revenue Cost of Goods Sold $20,000 Beginning Inventory . Add: $2,000 Less: Purchase Returns and Allowances 19 . Less: . Add: . Cost of Goods Purchased " Goods Available for Sale $33,000 Less: Ending Inventory . Cost of Goods Sold . Gross Profit(Margin) UIC ECCO Advertising Expense Interest Expense Rent Expense Wages Expense $9,000 $1,000 $12,000 $36,000 . 0 Total Other Expenses e Net Income before Tax Statement of changes in Equity For the Year ended 30 June 2021 02 Balance at the beginning SO Add: Additional Contribution 0 Add: Profit for the year 0 Less: Balance at 30 June 2020 Statement of financial position As at 30 June 2021 ASSETS $227,000 Cash at Bank $30,000 Accounts Receivable Merchandise Inventory 0 Total Assets LIABILITIES Accounts Payable $45,000 Loan Payable $150,000 Total Current Liabilities $195,000 m NET ASSETS . EQUITY + . Total Equity