plz solve???

Problem 4. From the following information pertaining to Nonesuch Insurance Company for the year ended 31 December 2020 Particulars Amount (in R.O.) Claims under policies 60,000 Commission on direct business 30,000 Other common paid 3,000 Other expenses of management Salaries 24,000 Rent and Repairs 10, Salaries to director 14,000 Premiums after re-instance 176.250 Interest, dividends on their 2.340 investments Communiceeded 4 500 Share Capital 120,000 Investments 100,000 Furniture and fixtures 600 Agents Balances 2,090 The following information is also available 5.000 Outstanding claims at the end of the period 31 Dec 2020 Premiums collected in advance Depreciation to be provided on Furniture Rent and repairs outstanding for the current year 25.000 2.000 5.000 Required (a) Ascertain the net profit earned by the company by preparing income statement (b) Prepare Balance Sheet as on 31 December 2020 Problem 4. From the following information pertaining to Nonesuch Insurance Company for the year ended 31 December 2020 Particulars Amount (in R.O.) Claims under policies 60,000 Commission on direct business 30,000 Other common paid 3,000 Other expenses of management Salaries 24,000 Rent and Repairs 10, Salaries to director 14,000 Premiums after re-instance 176.250 Interest, dividends on their 2.340 investments Communiceeded 4 500 Share Capital 120,000 Investments 100,000 Furniture and fixtures 600 Agents Balances 2,090 The following information is also available 5.000 Outstanding claims at the end of the period 31 Dec 2020 Premiums collected in advance Depreciation to be provided on Furniture Rent and repairs outstanding for the current year 25.000 2.000 5.000 Required (a) Ascertain the net profit earned by the company by preparing income statement (b) Prepare Balance Sheet as on 31 December 2020