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Q2) Following is the Trial Balance of Yousaf Trading Company as on 31-12-2021. You are required to prepare Income Statement and Balance Sheet. End period

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Q2) Following is the Trial Balance of Yousaf Trading Company as on 31-12-2021. You are required to prepare Income Statement and Balance Sheet. End period adjustments are as follow: - The merchandise inventory as on 31-12-2021 was valued at SR 2,000. - Interest unearned SR 50 . - Unexpired rent SR 1200. - Interest on other investments earned but not received yet SR 700 . - Outstanding salaries SR 400. - Depreciation 3% to be changed on Building

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