ed of Huirersity of N Answer the following: Section-B (1*8=8 Marks) 1) Easy Max Ltd has the following Trial Balance as at 31-12-2020. You are to draft the Trading and Profit and Loss Account (Income statement) for the year ended 31-12-2020 and a Balance Sheet (Statement of Financial Position) as at that date. Easy Max Ltd Trial balance as at 31-12-2020 Account name Dr Cr Land and Building 70000 Capital 60000 Returns Inwards 1000 Carriage Outwards 2000 Purchases 30000 Sales 100000 Returns Outwards 3000 Interest paid 3000 Carriage Inwards 5000 Salaries 12000 Wages 6000