Question 1 Part A The following trial balance (extract) of Sugar & Co has been prepared as at 30 June 2020. DR ($) CR($) 136,300 Inventory Sales Revenue Cost of Goods Sold 3,582,700 2,500,000 Additional information 1. The accountant Mr Sweet realised that a cash sale of $5,000 (cost $2,000) that was received on 30 June 2020 was not recorded when the trial balance was prepared. 2. A physical stocktake at 30 June 2020 revealed inventory on hand had a cost of $130,000. Required Prepare the Income Statement for Sugar & Co for the year ended 30 June 2020 up to Gross Profit, taking into account the appropriate additional information. Show all relevant workings