Cash Account receivable Account payable Merchandise inventory Purchases Paid up capital Transportation Salaries expense Sales Building Auditor's fee Furniture Retained earnings Fire insurance Utility expenses 120,000 155,000 145,000 125,000 1,500,000 1,800,000 20,000 120,000 1,830,000 1,800,000 70,000 50,000 225,000 10,000 30,000 4,000,000 4,000,000 Additional information: 1. Merchandise Inventory ending Rs.140,000 2. Provide depreciation on furniture 4% and building at 2%. 3. Income tax 15% Required: a) Income Statement b) Balance Sheet