Question 1 Bryson Pty Ltd runs a business that provides HR training and placement services. The unadjusted Trial Balance for the current period is given below: Credit $ 5 780 23 550 Bryson Ltd Unadjusted Trial Balance as at 30 June 2020 Account Debit Cash at bank 14 590 Accounts receivable 20 260 GST receivable 3210 Prepaid Expenses 3 780 Office supplies 1 020 Office equipment 22 480 Accumulated depreciation - office equipment Buildings 135 000 Accumulated depreciation - Buildings Trade Marks 15 000 Accounts payable Unearned fees GST payable Loans - non current S. Bryson Capital S. Bryson Drawings 16000 Placement fees revenue Training fees revenue Electricity and utilities expense 12 240 Staff Salaries expense 92 500 Internet and telephone expense 6 120 Office Supplies Expense 1 530 Depreciation Expense 13 500 Adverti Exper 3 470 $360 700 12 490 4 652 5 540 60 000 100 000 101848 46 840 1 $360 700 A. You are required to prepare: (i) Income statement (ii) Statement of Changes in Equity (iii) Balance Sheet B. You are provided with the report below about performance in 2019 and asked to: (i) calculate the same performance percentages based on the 2020 figures (ii) comment on trends and any relationships between figures revealed in 2020 figures Cash as a percentage of current assets Total expenses as a percentage of revenue Staff salaries as a percentage of total expenses Training fees revenue as a percentage of total revenue Profit as a percentage of revenue Accounts Receivable as a % of current assets Accounts Payable as a % of current liabilities 36% 78% 64% 35% 15% 40% 24%