Marks-10 Question-No. 05 At the end of the fiscal year December 31, 2020, the following information related to the trial balance of Reed Delivery Service appeared as shown below. Title of A/C Cash Accounts Receivable Prepaid Insurance Delivery Supplies Office Supplies Land Building Accumulated Depreciation Building Trucks Accumulated Depreciation-Trucks Office Equipment Accumulated Depreciation Office Equipment Accounts Payable Uneared Lockbox Fees Mortgage Payable Capital N. Reed N. Reed, Withdrawals Delivery Service Revenue Lockbox Fees Earned Truck Drivers' Wages Expense Office Salaries Expense Oil, Gas and Truck Repairs Expense Interest Expense Amount Rs. 10,072 29,314 5.340 14,700 2,460 15,000 196.000 53,400 103,800 30, 900 15.900 10.800 9.396 8.340 72,000 128730 30,000 283, 470 28.800 120.600 44,400 31,050 7,200 A. Expired insurance, Rs. 3,060. B. Inventory of unused delivery supplies, Rs. 1,430. C. Inventory of unused office supplies, Rs. 186. D. Estimated depreciation on the building, Rs. 14,400. E. Estimated depreciation on the trucks, Rs. 15,450. F. Estimated depreciation on the office equipment, Rs. 2,700. G. The company credits the lockbox fees of customers who pay in advance to the Unearned Lockbox Fees account. Of the amount credited to this account during the year, Rs. 5,630 had been earned by December 31. H. Lockbox fees earned but unrecorded and uncollected at the end of the accounting period, Rs. 1. Accrued but unpaid truck drivers' wages at the end of the year, Rs. 1,920. Required: Prepare an income statement and balance sheet at the end of December 31, 2020 816