NMC Enterprises furnished the following information about their account balances as on 31* December 2020. The company maintained books of accounts manually, and currently, are interested to maintain their accounts in a computerized applications. The account balances shows balances before the final year adjustments. You are required to create the company in Tally, enter the account balances and record the adjustments. Once adjustments are incorporated, show, 1. Income Statement for the year ended 31 December 2020 2. Balance Sheet as on 31* December 2020 Account Balance Amount Building 188,600 Motor Vehicle 25,000 Furniture and Fixtures 65,000 Plant and Machinery 620,000 Capital 300,000 Cash 25,000 Bank Account Current Account) 125,000 Bank Overdraft 98,000 Prepaid Rent 24,000 Prepaid Insurance 4,800 Sales Commission 10,000 Sales 650,000 Sundry Creditors 125,000 Sundry Debtors 75,000 Office expenses 7,500 Unearned Revenue 6,500 Notes Payable 45,000 Purchases 200,400 Sales Return 15,000 Purchase Return 6,000 Carriage Inwards 12,000 Carriage Outwards 7,500 Commission Income 5,000 Salary 85,000 Supplies 3,200 Bank Loan 254,600 Frieght Charges 2,300 Utlities expenses.factory 25,000 Utility expenses - office 12,000 Short term bank loan 42,200