please explain step by step

Exercise 6: a We have the following information from the company X, for the year 2020: The company X was incorporated on 1s' of January, 2020 with a subscription of shares worth of worth 100 mu. fully paid in cash. (m.u.= monetary units) Purchased (with cash), on 1/1/2020: a) an area for 20 m.u. b) equipment with a life of 10 years (Straight-line depreciation) and purchase price of 20 m.u. c) raw materials for 20 m.u. The company hires an employee for a total annual cost (salaries, Social Security, etc.) of 10 m.u. per year. This employee processes half of the raw material and sells it for a total of 50 m.u. Sales are the same every day of the year. The average collection period is 3 months. The single tax rate that is applicable on the profits of the company is 30% (paid on December 31s, 2020) a a The company follows a strict self-financing strategy. 1. Prepare the Balance Sheet as on 31/12/2020, justifying and explaining, where appropriate, intermediate calculations. 2. Indicate and explain how the accounting statements would change if instead of 100%, the shareholders had paid only 90% of the 100 m.u. subscribed