Hermione Ltd. presents the following trial balance on 31/12/2021 (accounting-year end): Value () Buildings 29,400 Insurance expenses 50,000 Loan interest 5,100 Trade Receivables 24,000 Cash 101,000 Gain on asset disposal 20,000 Allowance for trade receivables 1,500 Short Term Loan 10,000 Capital 184,000 Purchases 230,000 Inventory (01/01/2020) 70,000 Accumulated depreciation on 4,000 Buildings (01/01/2020) Trade Payables 30,000 Sales 260,000 Required: a) Prepare the Trial Balance corresponding to the above information. (8 marks) b) Draw the journal entries corresponding to the following additional information: 1) Inventories were valued at 220,000 on 31/12/2021. 2) On 31/12/2021, Hermione Ltd. acquired a machine for 80,000 on cash and receives 5,000 from previous customers. 3) Managers of Hermione Ltd. estimate that the provision for doubtful debts needs to equal the 4% of the trade receivables final balance. 4) 1,000 of insurance expenses correspond to the next accounting period. 5) The company uses the straight-line method for depreciation. Buildings have a useful life of 20 years and a residual value of 9,400. 6) Corporate tax percentage is 20%. (11 marks) c) Considering the corresponding trial balance accounts and the additional information from b), prepare the Income Statement for Hermione Ltd. on 31/12/2021