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(Just need to answer asap, no need to explain step by step.) These following financial statement balances are for Melbourne Design Services for the end

(Just need to answer asap, no need to explain step by step.)

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These following financial statement balances are for Melbourne Design Services for the end of the financial year, 30 June 2020: Account description Amount $ Accounts payable 11,000 Accounts Receivable 9.800 Accumulated Depreciation Building 14,000 Advertising incurred 1,200 Advertising Payable 1,200 Bank Loan 110,000 Building 140,000 Capital 163,000 Cash 25,000 Depreciation 17,000 Drawings 10,200 Fee Revenue 200,000 Inventory 20,000 Land 120,000 Motor Vehicle Expenses 25,000 Other Expenses 38,000 Rent Revenue 60,000 Rent Revenue Received in Advance 2,000 Salaries Expense 55,000 Supplies used 33,000 Required: a) Prepare a Statement of Profit or Loss for Melbourne Design Services at 30 June 2020. (5 marks) b) By referering to specific items within Melbourne Design Service's statement of profit or loss, discuss how shareholders and stakeholders could use the statement to assist in their decision making (5 marks) (5 + 5 = 10 marks)

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