CILO 4 - Prepare financial statements. In The following balances are extracted from the books of account of Basel Cleaning services on 31 December 2020. Prepare the following financial statements and answer the questions 41-48. Statement of profit or loss / income statement. b. Statement of changes in owner's equity. Balance sheet / statement of financial position. a. C. Cash 3,415 Accounts receivable 4,652 2,100 6,435 5,681 8,400 145 862 521 Rent expense Landscaping equipment Salaries expense Basel, capital Insurance expense Unearned Landscaping revenue Prepaid insurance Basel, withdrawals Supplies expense Accounts payable Landscaping revenue Depreciation expense Salaries payable Notes receivable Accumulated depreciation 350 425 2,586 11,246 645 845 1,500 1,930 41 How much is the net income? (1.5 points) Enter your answer 42 How much is the total expenses? (1.5 Points) Enter your answer 43 How much is the total revenue? (1.5 points) Enter your answer 44 How much is the capital balance, ending? L) (1.5 Points) Enter your answer 45 How much is the total assets? (1.5 Points) Enter your answer 46 How much is the total current assets? (1.5 Points) Enter your answer 47 How much is the book value of the non-current assets? (1.5 Points) Enter your answer 48 How much is the total liabilities? (1.5 Points) Enter your answer 49 Upload your workings namely: Income statement, statement of owner's equity, balance sheet (Non-anonymous question ) (8 Points) 1 Upload file File number limit: 3 Single file size limit: 100MB Allowed file types: PDF, Image 50 Do you think it is important for the business to prepare the balance sheet? Why? Justify your answer. (5 Points) Enter your