Q No 2: Saleem provided following Trial Balance on December 31, 2020 (8) TITLE OF ACCOUNT DEBIT CREDIT Cash A/C Receivable Office Equipment Marketing Expense Prepaid Advertising Other Expense Office Supplies Expense Interest Expense Merchandise Inventory-Beginning Purchases Transportation-In Sales Return Salaries Expense Sales Revenue Purchases Return Purchases Discount Interest Income A/C Payable Capital-Saleem Short-Term Loan Bill Payable Long-Term Loan Total Merchandise Inventory-ending Required: 45,000 75,000 325,000 12,500 8,500 6,000 3,500 16,000 27,800 275,000 22,000 12,000 65,000 475,000 1800 4500 27,000 35,000 222,300 55,000 22,700 50,000 893,300 893,300 12500 a. Prepared Comprehensive Income for the year ended December 31, 2020 b. Prepared Balance Sheet as on December 31, 2020