Q2. The following is the trial balance of T Wedburn after his first year's trading. You are required to draw up Income statement for the year and a Balance sheet as at that date; T Wedburn Trial Balance at 31 December Year 6 RM RM Purchase 26.200 Sales 34.670 Wage 6,100 Rent 1,200 Insurance 160 Lighting and heating 380 Debtors 3460 Creditors 1,700 Motor vehicles 5,600 Cash at bank 4,130 Premises 54,000 Fixtures and fittings 1,200 Drawings 2,600 Capital 68.660 105,030 105,030 Wedburn valued his stock at 31 December Year 6 at $3,100