Catrin's trial balance, drawn up at the end of the first year of trading, is shown below: Catrin Trial balance as at 31 December 2023 Debit Credit Capital 30,000 Loan 12,000 Bank overdraft 3,090 Sales 267,700 Opening inventory 20,000 Purchases 181,000 Trade receivables 15,400 Trade payables 10,910 Wages 45,000 Rent 10,000 Insurance 4,100 Loan interest 360 Light expenses 1,000 Heat expenses 940 Drawings 21,900 Premises 14,000 Office equipment 10,000 323,700 323,700 Note: Closing inventories at 31 December 2023 were valued at 18,000. Required: a) Prepare the statement of profit or loss for Catrin for the year ended 31 December 2023. b) Comment on what the statement of profit or loss tells you about Catrin's business and suggest three ways to Catrin on how to improve the profitability of her business. c) Prepare the statement of financial position for Catrin for the year ended 31 December 2023. d) Explain why the amount that Catrin has been paid by the business is not included with wages.