Please prepare a balance sheet and income statement for 31st of December 2018.

Question 1 The following information is the preliminary trial balance of Alpha Autos Ltd for the year ended 31st December 2018. Sales Land Cash Property Inventories (at the 1st of January 2018) Tools and equipment Accrued Packaging Expense Purchases Staff Wages Advertising Expense Accrued Advertising Expense Bank loan Product Packing Expense Loan Interest Paid Rent Received (additional office space) Management Salaries Delivery van Plant and machinery Trade Payables Trade Receivables Goodwill Share Premium Account Share Capital (1 nominal) Revenue Reserve - Retained Earnings Capital Reserve Asset Revaluation Debits () 3,000,000 175,000 4,000,000 500,000 700,000 5,000,000 3,000,000 2,000,000 700,000 5,000 500,000 1,200,000 1,400,000 450,000 600,000 23,230,000 Credits () 20,000,000 20,000 400,000 250,000 1,000,000 800,000 180,000 200,000 300,000 80,000 23,230,000