Q3) Following is the Trial Balance of Hamza Trading Company as on 31-12-2021. You are required to prepare Income Statement and Balance Sheet. Name of Account SR Name of Account SR Cash 2,125 Sales 30,000 Account receivable 3,700 Account payable 1,625 Prepaid rent 6,050 Notes payable 2,000 Opening inventory 2,300 Purchase returns 625 Insurance expenses 250 Capital 11,725 Office equipment 1,500 Sale returns 875 Wages 2,400 Supplies expenses 2,650 General expenses 375 Purchases 23,750 Total 45,975 Total 45,975 End period adjustments are as follow: The merchandise inventory as on 31-12-2021 was valued at SR. 3,000. Supplies unexpired SR 650. Outstanding wages SR 120. Commission earned but not received yet SR 500. Bad debts SR. 700.