Question 1 The following trial balance was extracted from the books of Discount supermarket as at August 31. 2018 $ Loan 30,000 Capital 61,860 Sales 145.200 Drawings 4,500 Carriage Inwards 2,050 Carriage Outwards 4.750 Return Inwards 3,200 Return Outwards 4,035 Insurance 4,600 Stock at Sept. 1, 2017 23,470 Rates & Electricity 3.120 Building 45,000 Motor Vehicle 30.500 Fixtures & Fittings 8.250 Purchases 102,340 Rent 5,000 Commission Received 12.300 Office Expense 6,320 Interest Received 3.750 Bank 12.250 Cash Accounts receivables 6,230 Accounts payables 10,842 6,407 Required Using the information above to prepare an income statement for the period ending August 31, 2018 and a balance sheet as at August 31, 2018