Kindly help with the following question

The following assignment is a simulated study of a supermarket business named D&J's Convenience Store. D&J's Convenience store had the following list of balances at March 1st, 2020 Machinery at cost $15,000 Equipment at cost $5,000 12% Bank Loan $6,500 (repayable January 1st, 2025) Cash in hand $4,500 Cash at bank $20,000 Inventory $1,500 Accounts receivables $11,000 Accounts payables $6,700 General reserve $60,000 Share premium $45,000 Retained earnings $37,000 Ordinary Share Capital ($2.50) ? Land $320,000 (a) Use the opening entries in the General Journal to compute the value of Ordinary Share Capital at March 1st, 2020. (Folio references and page numbers are required). (10 marks) D&J's Convenience Store specializes in the purchase and sale of toiletry items, mainly on a credit basis. Details of credit suppliers and customers at March 1, 2020 are given below. Accounts Receivable Accounts Payable A. Wilkinson $4,500 A. Moore $2,500 P. Keggs $1,700 S. Rose $1,300 S. Samuels $4,800 T. Thomas $2,900 D&J's has negotiated a 2% discount from its suppliers if payment is made no later than 15 days after the purchase, and customers are offered a 3% discount for settlement of debts no later than 10 days after the sale. PLEASE TURN OVER(d) Balance the accounts, including the Cash Book, and extract a Trial Balance as at March 31st, 2020. (10 marks) The following additional information is also available for D&J's Convenience Store: (i) Inventory at March 31, 2020 was valued at $4,500 (ii) An allowance for doubtful debts is to be created of 5% of customer closing balances for new customers only (iii) One employee has not yet been paid $500 for overtime worked during March. (iv) The amount paid for electricity during the month was an estimate. It has now been determined that the electricity bill amounted to $250 (v) The company's non-current asset depreciation policy is as follows: Equipment 5% of cost Motor Van 10% of cost (vi) The Board of Directors has proposed a final dividend of 5% be paid to Ordinary Shareholders (vii) It was also decided to transfer $2,000 to the General Reserve Required: (e) Prepare the Income Statement for the month ended 31 March 2020 (20 marks) (f) Prepare the Statement of Changes in Equity for the month ended 31 March 2020 (5 marks) (9) Prepare the Statement of Financial Position as at 31 March 2020 (20 marks) END OF ASSESSMENTThe following transactions occurred during March 2020: March 1 Purchased a motor van on credit from Simpson Motors for $50,000 March 3 Bought additional equipment for $2,000 cash March 5 Bought goods on credit from A. Moore $1,230 and S. Rose $2,800 March 6 Received a cheque from S. Samuels for the balance owed March 7 Sold goods on credit to A.Peters for $2,400 and P Keggs $2,900; Cash Sales $5,600 March 8 Settled our account with T Thomas by cash March 9 Bought goods on credit from A. Moore for $3,500. He allowed us a 5% trade discount March 11 The following returned goods to us: A Wilkinson $400 and P. Keggs $370 March 15 Paid the following by cheque: one month's loan interest, Wages $600, Electricity $150 and Water $200 March 18 Withdrew $3500 from the bank for office use March 21 The following paid us by cheque A Wilkinson $3,000 and P. Keggs $1,500. March 25 We returned $580 worth of goods to A. Moore March 27 We paid Simpson Motors $10,000 by cheque; Cash Purchases $2,500 March 27 Paid insurance $850 by cheque March 28 Paid $0.05 per share to all ordinary shareholders by cheque March 29 We settled our accounts with A. Moore and S. Rose by cheque Required: (b) Use subsidiary books to record the transactions for the month. Please note that any relevant information from (a) above must be incorporated. (Folio references and pages numbers are required). (25 marks) (c) Post the entries from (a) and (b) above, where necessary, to the appropriate ledgers. (Folio references and page numbers are required). (15 marks) PLEASE TURN OVER