Inventory counted at 31 December was valued at $36,000. (You can use excel attached) 6.2 From the following trial balance on Nially Daly, you are required to prepare an income statement and a statement of financial position as at January 31. (You can use excel or Word) (65 pts) Debit $ Credit $ Purchases Revenue/Sales Carriage inwards 102,763.00 282,233.00 10,152.00 Purchases returns 7,894.00 Wages and salaries 78,456.00 Motor expenses 12,356.00 Rent 59,400.00 Rates 12,456.00 Insurance 15,000.00 Sundry expenses 4,520.00 Light and heat 12,564.00 Inventory as at Feb 1 10,900.00 Drawings 12,300.00 Accounts payable 56,120.00 Bank 21,300.00 Office furniture 56,000.00 Office equipment 40,000.00 Plant and equipment 70,120.00 Capital 90,000.00 Loan 40,000.00 Cash 560.00 497,547.00 497,547.00 Note: Inventory counted on 31 January was valued at $12,000