Question 1 The trial balance below for Albert Company is wrong. Redraft a corrected balance for Albert Company as at 31 March 20x5. Albert Company Trial Balance as at 31 March 20x5 Dr 4,800 1,600 5,600 10,752 Cash in hand Cash at bank Purchases Sales Drawings Debtors Creditors Buildings Salaries and wages Capital 160 320 272 2.064 20,480 24,000 KF started trading on 1.1.20x5. Below is the trial balance of K F as at 31 December 20x5. Trial Balance as at 31 December 20x5 134370 106,470 15.648 3,780 4,878 810 762 Sales Purchases Salaries General expenses Insurance Stationery Motor vehicle expenses Building Motor vehicles Equipment Debtors Creditors Cash at bank Cash in hand Drawings Capital 10.920 8,700 7,800 6,390 11,190 12.036 300 6,510 185.004 39.444 185.004 Stock at 31 December 20x5 was $18,540 Required: Prepare the income statement for K F for the year ended 31 December 20x5 and a balance Sheet as at 31 December 20x5