Prepare Income statement and balance sheet for the year ended 30 June 2021.

Sales Inventory Discounts Received Salaries- Sales Salaries - Office Rent Paid Bad Debts Accounts Receivable Interest on Overdraft Allowance for Doubtful Debts Cost of Goods Sold Discounts Allowed Transport Expenses Telephone Expenses Rent Received Insurance Expense GST Paid GST Collected Office Furniture Accumulated Depreciation - Office Furniture Accounts Payable Loan - Long Term Capital Electricity Expense Commission - Sales Expense Equipment Accumulated Depreciation-Equipment Machinery $105,600 $15,500 $100 $15,920 $28,620 $10,500 $2,860 $22,330 $1,826 $900 $40,705 $216 $380 $600 $4,200 $2,212 $650 $3,731 $32,800 $6,208 $6,820 $10,120 $130,000 $1,650 $1,050 $54,000 $10,800 $46,660 Adjustments required at 30/06/2021 . Depreciation @ 15% for the year for Office Furniture Depreciation for Equipment - $750 $475 - Prepaid Rent Allowance for Doubtful Debts to be increased to $2000 Salaries (Sales) due but not paid $670 Bad debt of $560 to be written of