is very urgent. Show calculations if possible

QUESTION 2 You have been contacted by the owner of a Jewelery Retail shop, Magna Qarta, to prepare their accounts. You observe that they do not have a full set of accounts. However, you extract the following data from their records 335000 Balances as at 31/12/2019 Property, plant and equipment Accumulated Depreciation inventories Receivables Pepayments Rates Bank Cash Creditors Electricity Accrued 81606 120600 67000 2680 13400 4020 26800 1675 Balances as at 31/12/2020 inventories Receivables Pepayments-Rates Bank overdraft Cash Creditors Electricity Accrued The records show cash and hank transactions as follow: Cash Receipts Cash Payments 227130 80400 3015 103850 4020 30820 2010 Balance B/D Sales Deposit into bank 4020 100500 100500 Bank Receipts Balance B/D Accounts Receivable 5% Loan received Sale proceeds from sale of motor van Cash banked 13400 938000 201000 54940 100500 Bank Payments Accounts Payables Rates Electricity Telephone Loan Interest Insurance Wages and Salaries Drawings 737000 60300 13400 10050 10050 6700 134000 167500 268000 Property, Plant and Equipment Sundry Expenses 4690 ADDITIONAL INFORMATION The loan was received on 1st January 2019 and depreciation for PPE is at 20% per annum Cost of motor van that was disposed off Accumulated Depreciation of the motor van that was disposed off Discount received during the year amounted to During the year the owner gifted a pair of earings to his daughter worth 67000 12730 13400 13400 1. Prepare an Income Statement and a Statement of Financial Position for the 2020 Financial year QUESTION 2 You have been contacted by the owner of a Jewelery Retail shop, Magna Qarta, to prepare their accounts. You observe that they do not have a full set of accounts. However, you extract the following data from their records 335000 Balances as at 31/12/2019 Property, plant and equipment Accumulated Depreciation inventories Receivables Pepayments Rates Bank Cash Creditors Electricity Accrued 81606 120600 67000 2680 13400 4020 26800 1675 Balances as at 31/12/2020 inventories Receivables Pepayments-Rates Bank overdraft Cash Creditors Electricity Accrued The records show cash and hank transactions as follow: Cash Receipts Cash Payments 227130 80400 3015 103850 4020 30820 2010 Balance B/D Sales Deposit into bank 4020 100500 100500 Bank Receipts Balance B/D Accounts Receivable 5% Loan received Sale proceeds from sale of motor van Cash banked 13400 938000 201000 54940 100500 Bank Payments Accounts Payables Rates Electricity Telephone Loan Interest Insurance Wages and Salaries Drawings 737000 60300 13400 10050 10050 6700 134000 167500 268000 Property, Plant and Equipment Sundry Expenses 4690 ADDITIONAL INFORMATION The loan was received on 1st January 2019 and depreciation for PPE is at 20% per annum Cost of motor van that was disposed off Accumulated Depreciation of the motor van that was disposed off Discount received during the year amounted to During the year the owner gifted a pair of earings to his daughter worth 67000 12730 13400 13400 1. Prepare an Income Statement and a Statement of Financial Position for the 2020 Financial year