Ms Indy opened uChampion Painters (uCP) on 1 June 2021. On 31 May 2022, records show the following accounts: $'000 Long term loan 1000 Ms Indy, drawings 440 Cash at bank 196 Accounts payable 216 Accounts receivable 334 Repairs expense 204 Building 1200 Ms Indy Capital 1800 Salaries expense 352 Painting supplies used 312 Painting revenue 2458 Equipment (painting) 420 Vehicle 1362 Painting supplies 140 Advertising expense 398 Accountant fees expense 116 Required: a Prepare an income statement for uChampion Painters (uCP) for the year ended 31 May 2022. 4 marks b Prepare a balance sheet as at 31 May 2022.