PART 2 For the year 2015 the only records that Optimal Solution kept were bank paying-in-slip counterfoi cheque-book counterfoils and records of Accounts Receivable and Accounts Payable. From these was possible to summarize the transactions with the bank for 2015 as follows: $ Takings paid into the bank 80 000 Cheques Drawn: Payments to suppliers Rent Electricity Postage & stationery Purchase of equipment Cheques drawn for personal uses 24 300 6 000 3 200 800 4 800 2 700 All takings were banked by Optical Solution after making the following payments in cash: Accour payable for supplies $4 000 and sundry expenses $1 150. Optical Solution estimated assets and liabilities at the start 1 January and 31 December 2015 were follows: 1 January 2015 31 December 2015 $ $ Equipment 16 000 18 000 Inventory 19 600 15 200 Accounts Receivable 2 400 3 800 Rent prepaid 800 500 Bank 15 000 26 400 Cash in hand 500 500 Accounts payable 4 200 3 900 Electricity owing 1 300 2 250 - Task #4- Prepare Optical Solution Income Statement for the year ended December 3 2015. (15 marks) - Task # 5- Prepare Optical Solution Statement of Financial Position as at December 3 2015. (15 marks)