II. The trial balance of Durian Enterprises on December 31, 2020 appears as follows: Cash Dr. P 140,000 Cr Accounts receivable 200,000 Allowance for doubtful accounts P 10,000 Merchandise inventory, beginning 140,000 Prepaid rent 10,000 Office furniture and equipment 120,000 Accumulated depreciation-OFE 20,000 Store furniture and equipment 150,000 Accumulated depreciation-SFE 10,000 Accounts payable 120,000 Accrued utilities Unearned interest 3,000 4,000 A. Durian, capital 700,000 A. Durian, drawing 30,000 Sales 520,000 Sales returns and allowances 20,000 Purchases 400,000 Purchase discounts 10,000 Salaries and wages 40,000 Rent expense 30,000 Freight-in Freight-out 25,000 15,000 Insurance expense 8,000 Store supplies expense 9,000 Office supplies expense 5,000 Depreciation expense 30,000 Doubtful accounts 10,000 Utilities expense 18,000 Interest income 3,000 P 1,400,000 P 1,400,000 Ending merchandise inventory amounted to P250,000 Based on the above information, prepare the following: 1. Income Statement (Multiple Step) 2. Balance Sheet (Report Form)