Please answer this question in a clear and detailed way and do not write it by hand

(10 marks) Credit A. From the given trial balance of Al Mas Shop, prepare 1. Income statement for the year 2020 (5 marks) 2. Balance sheet for 314 December, 2020 (15 marks) AL Mas Shop Trial Balance 31" December, 2020 Account Debit Cash in hand 5,300 Sale Cash in bank 10,000 Account Receivable 10,800 Inventory 1,500 Land 27,000 Intangible asset 6,700 Prepaid insurance 2,000 Account payable Interest payable Trade receivable 900 50,000 6.100 500 MEC_AMO_TEM_03_02 Page 2 of 16 Accounting For Business (BUSS 20001) - Summer-21-ON 1 Assignments-all- 1500 30.000 4500 1000 400 7,000 5,600 Financial debt Long-term loan Income tax payable Bond payable Wages payable Owner Drawing Purchase Notes payable Consultation revenue Salary payable Capital Administrative expenses Salary expenses Furniture 9500 4300 2000 13.000 30,100 20,000 7000 11,000 Rent Revenue Total 133900 133900 Given the following balance sheet for Al-Zahve Show you are required to 1. Calculate the following ratios for each company Current to Debt ratio Quid ratio Wyper v. Det toguty rate 2. Evaluate the performance of the organisation based on alaingthers of the mentioned ratios for Al Zahra Shop. Your we should be supported by relevante reviewinding Niente una website and related book 120 marks MICAMO TIMONE Accounting for Businen UM 20001 - Al-Zahra Shop Balance sheet As of December, 2020 Assets 121.553 Current Asset Supplies Finance at their value through profit or lo Investment interdeposit . 577.544 760.370 127,254 1.725,707 Cash Total current Non Current Assets Property Investment Property Investment in jou verture Investment in toutin Financaltattar value the comprehensive income Logited to other companies Total non-current et Total Assets Liabilities and oviy 49.90 5.36544 4100.654 173.140 16,081,812 Current Liebe MEC AND TIMES Trade and other payable 510,870 274,201 785,071 2,149,133 114,918 120,612 2,384,663 3,169,734 Borrowing Total Current Liabilities Non-Current Liabilities: Long-term loan Advanced from customer Provision for employees' end of service benefits Total Non-Current Liabilities Total Liabilities Equity: Share capital Treasury shares Legal reserve General reserve Fair value reserve Hedging reserve Retained earnings Non-controlling interest Total Equity Total equity and liability 1,145,252 (73,516) 4,693,986 623,542 3,886,259 295,736 4,010,829 55,717 14,637,805 17,807,539