Q1. From the following information in Trial balance of the Mohammed LLC as on 31 December 2019, you are required to prepare: a. Profit and Loss Account b. Balance Sheet Associate of Science Degree in Bus Associate of Science Degree in Information Technology (MIT) Trial Balance for the year ended 31 December 2019 Dr.Amount Dhs) 180,000 Cr. Amount (Dhs) 240.000 15,000 325,000 35,000 80,000 35,000 40,000 35,000 40,000 Particulars Capital Purchases Purchase Returns Sales Sales Returns Opening Stock Cash in Hand Salaries Rent Commission received Drawings Wages General Expenses Creditors Debtors Machinery Furniture Land and Building Bank Loan 20,000 50,000 15,000 105,000 40,000 35,000 25,000 200,000 65,000 790,000 790,000 Closing Stock is 190,000 dhs