QUESTION 1 Makali Enterprices Limited is an agribusiness firm dealing in agricultural chemicals from various manufacturers. The following trial balance at 31 December 2022 was prepared by a trainee accounting technician on industrial attachment. The following additional information was provided: (i) The directors proposed to transfer k15,000 of the profits to the general reserve. Closing inventory at 31 December 2022 was k35,000. (ii) Salaries amounting to k8,500 were outstanding at the end of the period. (iii) Rent was prepaid by k3,900 for the first three months of 2023. (iv) Straight line depreciation for the year is to be provided as follows: Motor vehicles 331/3% Fixtures and fittings 10%. (v) Taxation is to be ignored. Required (a) Prepare a corrected trial balance as at 31 December 2022. marks) (b) Prepare a statement of profit or loss for the year ended 31 December 2022. marks)