Following is the adjusted trial balance of AALA sole proprietorship for the year ended 31st December 2020: Particulars Debit - OMR Credit - OMR Accounts Receivable Inventory Cost of goods sold Rent Expense Utilities Expense Insurance Expense Supplies Expense Depreciation Expense Supplies Prepaid Insurance Trucks Cash Accumulated Depreciation-Trucks Accounts Payable Unearned Revenue Salaries Payable Capital Retained Earnings Sales Revenue 25,000 600 18,360 1,200 500 200 7,000 750 1,500 2,200 40,000 10,000 750 25,000 3,000 360 35,000 6,100 37,100 107,310 TOTAL 107,310 You are required to answer the given below questions related to preparation and presentation of financial statement for the year ended 31st December 2020: 1. Identify as to what will be considered to be a complete set of financial statements: TOTAL 107,310 107,310 You are required to answer the given below questions related to preparation and presentation of financial statement for the year ended 31st December 2020: 1. Identify as to what will be considered to be a complete set of financial statements: 2. Cost of goods sold will be shown as: 3. Retained earnings will be treated as: 4. The amount of total expenses for the year will be: 5. Unearned revenues will be shown as: 6. Income statement will be titled as: 7. The amount of net profit / net loss for the year will be: 8. Owner's equity at the end of the year will amount to: 8. Owner's equity at the end of the year will amount to: 9. The Total of liabilities shown in the statement of financial position will be: 10. The amount at which the balance sheet will tally that is the total of assets and the total of liabilities and owners' equity will be