Example 1 Adjusting) Al-Khoms Traders have provided you with the following trial balance as at 31.12.2015 Explanation Dr Cr cash Creditors (Payables) 200,000 70,000 Land 100,000 Furniture 160,000 Overdraft 20,000 Buildings 140,000 Loans 200,000 Notes payable 110,000 Debtors (Receivables) 120,000 Cars 80,000 Bank 600,000 Opening stock 70,000 Marketable securities 130,000 Purchases 200,000 Sales returns 30,000 Sales 400,000 Purchase returns 50,000 Capital Rent revenues 1080,000 90,000 Interest revenues Electricity expenses Rent expense Phone expenses salaries 30,000 120,000 20,000 30,000 50,000 2,050,000 2,050,000 Additional Information 1- Closing stock at the end of accounting period was 150,000 2- Salaries are 4000 / month 3- Electricity expenses 12000 / month 4- Rent expense 2000 / month 5- Phone expenses are prepaid 8.000 6- Rent revenue 10000 / month 7- Interest revenue 2000 / month You are required to: Found out the capital. Prepare income statement and balance sheet.