From the following 30/6/2022 Trial Balance provided by Twinkle Toes Shoe Shop, you are to create an Income Statement and Balance Sheet with detail of period clearly stated.

(NOTE: Stock take at end of financial year 30/6/2022 found that the Inventory was $3,500.)

Twinkle Toes Shoe Shop do in spreadsheet and give tab name

Trial Balance as at 30 June 2022

Cash at Bank7,000 Petty Cash600 Inventories (1/7/21)3,000 Accounts Receivable Control12,000 Provision for doubtful debts 1,600Buildings30,000 Accumulated Depreciation buildings 2,500Motor vehicles8,000 Accumulated Depreciation motor vehicles 2000Land88,000 Shares in XYZ Ltd15,000 Goodwill12,000 Accounts Payable Control 12,850GST Collected 2,000Mortgage 27,000Capital Hank 101,350Drawings1,600 Sales 76,500Commission revenue 1,900Purchases27,000 Purchases returns and allowances 1,800Freight inwards1,000 Telephone650 Doubtful debts150 Bad debts50 Insurance4,500 Office expenses3,500 Freight outwards4,800 Discount expenses650 Marketing expenses10,000 229,500229,500