Question 2 (30 marks) The following accounts information cxtracted from the books of Northem Company at Additional information at 31 December 2022: (1) Inventory on hand was valued at $9,200 (2) Rent prepaid $1,600 (3) Telephone expenses accrued $750 (4) Depreciation is to be provided for as follows Motor vehicle 40% reducing balance Office equipment - 25% straight line Required (a) An Income statement for the year ended 31 December 2022 . (13 marks) (b) Statement of financial Position as at 31 December 2022, (17 marks) Total (20 marks)