Q4) Following is the Trial Balance of Ali Trading Company as on 31-12-2021. You are required to prepare Income Statement and Balance Sheet. Name of Account SR Name of Account Machinery 12,000 Sales Account receivable 10,690 Account payable Bank account 3,150 Interest received Building 7,928 Capital Purchases 3,700 Opening stock 384 Drawings 250 Carriage in 600 Wages 1,910 Salaries expenses 1,300 Sale returns 119 Postal expenses 133 Trade expenses 700 Total 42,864 Total End period adjustments are as follow: The merchandise inventory as on 31-12-2021 was valued at SR 1,500. Trade expense paid in advance SR. 200. Depreciation on machinery SR 3000 and Building SR 928. Outstanding wages SR 120. Unearned interest SR 27. Salaries paid in advance SR 120. SR 10,000 12,408 627 19,829 42,864