Question 1 The owner of the Block Shop, a retail hardware store, has provided you with their account balances for the year ended 30 June 2023 as follows. $ Accounts Capital - C. Gun Drawings Cash at Bank - Inventory (Stock) Land and buildings . . Shop fittings Sales revenue Cost of sales Accounts Receivable Accounts Payable Office expenses Salaries Sales staff Salaries - Office staff Advertising expense Bank Loan Computer Equipment Delivery expense Office Supplies on hand Sales commissions paid Accumulated Shop Fittings GST Payable PAYG Withheld Delivery van (MV) Depreciation- 151 900 24 000 18 500 20 500 116 900 12 000 205 000 86 000 30 000 12 000 3 250 The following balance day adjustments have NOT been completed: Wages (Sales staff) owing at balance date $1,250 Depreciation on the shop fittings, using Straight-Line method, useful life 10 years, zero residual value. 48 000 17 600 7 000 i) a properly classified Profit and Loss Statement ii) a properly classified Balance Sheet 50 500 12 000 1650 100 5 400 4 000 7 100 8 400 36 000 Depreciation on computer equipment, using Straight-Line method, useful life 4 years, zero residual value. Depreciation on motor vehicle, using Straight-Line method, useful life 5 years, residual value of $6,000. Note: Assume full year depreciation for all the above non-current assets. Required: From the information above prepare for the year ended 30 June 2023: a property classified profit and loss statement....... A property classified balance sheet