need income statement for that year and statement of financial positions based on the task

The following trial balance is from C's books as at 31f12f2019 in 0005 Sales 725 Purchases 373 Opening inventory 90 Receivables 151 Payables 100 Rent and rates 50 Insurance 12 Energy and telephone 10 Salaries and wages 153 Administration expenses 23 Drawings 35 Discounts allowed 13 Long term bank loan 100 Interest on bank loan 3 Freehold premises at cost 530 Machinery at cost 150 Machinery accumulated depreciation 50 Capital 620 Cash 2 Bank overdraft 5 Totals 1600 1600 Additional information as at 31/12/2019: I Inventory was valued at 100000. I Administration expenses owed: 3000. I Interest on long term bank loan accrued: 2000. I Prepaid rates 2000; Salaries prepaid: 5000. I The machinery is to be depreciated by 20% on straight line Required: (3] Income Statement for the year ended 31/12/2019. (b) Statement of Financial Position as at 31/132019. 22:53 E N? @7133\" - 6 Ask a Question Sales - 725 Purchases 378 Opening inventory a Receivables 151 Payables - 100 Rent and rates Insurance Energy and telephone Salaries and wages 153 Administration expenses 23 Drawings 35 Discounts allowed 13 Long term bank loan 100 Interest on bank loan 3 Freehold premises at cost 530 Machinery at cost 150 Machinery - accumulated depreciation 50 Capital 620 Cash 2 Bank overdraft 5 Totals 1600 1600 Submit Question Bulgaria 234567890 y U English (US)