Company A transaction 2016.

January 1 Company A started business with cash 1,00,000

January 2 Goods purchased for cash 20,000

January 4 Machinery Purchased from ABC 30,000

January 6 Rent paid in cash 10,000

January 8 Goods purchased on credit from O Neill 25,000

January 10 Goods sold for cash 40,000

January 15 Goods sold on credit to George 30,000

January 18 Salaries paid. 12,000

January 20 Cash withdrawn for personal use 5,000

Prepare Profit & loss and Balance Sheet for the following question.