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Using the Trial Balance and the additional information given below for Italian Wines, prepare - An Income Statement for year ended 31.12.2022 and - A Balance Sheet at 31.12.2022 for the business in accordance with accounting principles, conventions, and standards. The trial balance of Italian Wines at 31 Dec 2022 is given below. \begin{tabular}{|c|c|c|} \hline Property at cost & 30000 & \\ & 0 & \\ \hline Motor Vehicles at cost & 100 & \\ & 00 & \\ \hline Motor Vehicles depreciation 1 Jan 2022 & & 2000 \\ \hline Trade receivables & & \\ & & \\ \hline Trade payables & & \\ & & \\ \hline \end{tabular} \begin{tabular}{|r|r|r|} \hline Bank and Cash & 215 & \\ \hline \end{tabular} The following notes are relevant: 1. Inventory as at 31Dec2022 was valued at 14000. 2. Accrued salaries at 31 Dec 2022 were 2000. 3. Loan interest has been paid for the year ended 31 Dec 2022. 4. Depreciation is to be calculated for the year ended 31Dec2022 as follows: Motor Vehicles: 10% per annum on a straight-line basis. 5. Property is freehold and is not depreciated. Prepare for Italian Wines a) Income Statement for year ended 31st Dec 2022 in accordance with accounting principles, conventions, and standards. Balance Sheet at 31st Dec 2022