Please solve it as soon as possible

TT Ltd is a new business which started trading on 1 January 2009. The following is a summary of transactions which occurred during the 1st year of trading:- V. i. The owners introduced $50,000 of capital which was paid into a bank account opened in the name of the business. ii. Premises were rented from 1 January 2009 at an annual rental of $20,000. During the year, rent of $25,000 was paid to the owner of premises. Rates on the premises were paid during the year as follows:- For the period 1 January 2009 to 31 March 2009, $500. For the period 1 April 2009 to 31 March 2010, $1,200. iv. A delivery vehicle was bought on 1 January 2009 for $12,000. This is expected to be used in the business for four years and then to be sold for $2,000. Wages totaling $33,500 were paid during the year. At the end of the year, the business owed $630 of wages for the last week of the year. vi. Electricity bills for the first three-quarters of the year were paid totaling $ 1,650. After 31 December 2009, but before the accounts had been finalized for the year, the bill for the last quarter arrived showing a charge of $620. vii. Inventory totaling $143,000 was bought on credit. viii. Inventory totaling $12,000 was bought on cash. ix. Sales on credit totaled $152,000 (cost $74,000). Cash sales totaled $35,000 (cost $16,000). xi. Receipts from trade debtors totaled $132,000 xii. Payments to trade creditors totaled $121,000. xiii. Vehicle running expenses paid totaled $9,400. At the end of the year it was clear that a trade debtor who owed $400 would not be able to pay any part of the debt. X. (a) Calculate the cash balance as at 31 December 2009. Show workings. (2 marks) (b) Calculate the net profit generated for the year ended 31 December 2009. Show workings. (6 marks)