Jon Harper, a sole trader, has asked you to assist him in preparing his financial statements. He operates a small at December 31, 2022: The following additional information has been made available: 1. Stock at December 31,2022 was $161,000 2. Wages owing $30,400 3. Telephone charges prepaid by $4,200 4. Fixtures \& Fittings are to be depreciated by 6% on the straight-line basis 5. Machinery \& Equipment are to be depreciated by 10% on the reducing balance method 6. Motor Vehicles are to be depreciated on a straight-line basis at rate of 20% Required: a) Prepare an Income Statement (30 marks)