From the following Trial Balance, Prepare Income Statement for the year ending 31 December 2019 and a Balance sheet as on that date.. TRIAL BALANCE as at 31 December 2019 D (RO) CERO) 150.000 Particulars Owners' equity Stock1 Jan 2019) Cash at Bank Cash in hand Machinery Furniture Purchaus Wages Camage Salaries Discount Allowed Discount received Advertising Office expenses Sales Account recevable Accounts payable 30,000 10,000 5.000 100 000 13.000 200,000 50,000 33.000 70,000 4.000 5,000 50,000 40.000 500,000 90,000 40,000 695.000 695,000 Value of Closing stock as at 31 December 2019 was RO 50.000 ENO TIAN Search here