QUESTION 2 - Financial Reporting Mussara's Menswear is owned and operated by Michael Mussara. The following adjusted trial balance has been prepared at year's end. Please see next page for requirements for this question. Credit ($) 112 700 12 110 5 820 7 200 4 860 1320 XXXX Mussara's Menswear - TRIAL BALANCE AS AT 30th June 2021 Debit ($) Loan Payable Discount Received Doubtful Debts Expense 8 600 Advertising Expense 15 450 Unearned Income General Expense 4860 Depreciation Expense - Building Sales Staff Wages Expense 19 800 Acc'd Depreciation - Equipment Freight-In Expense 7280 Supplies Expense Capital (1 July 2020) Drawings 11 600 Sales Income Discount Allowed 14 600 Cost of Sales 196 200 Building 345 000 Accounts Receivable 56 950 Freight Out Expense 14 900 Sales Returns 24 300 Accounts Payable Equipment 124 000 Accumulated Depreciation - Building Depreciation Expense - Equipment 9 600 Cash 80 540 Allowance for Doubtful Debts Shop Rent Expense 12 800 Inventory (30/6/21) 52 100 General Wages Expense 6 950 418 600 23 200 25 400 8 600 Question 2 (Continued) REQUIRED: a. Prepare a fully classified Income Statement for the year ended 30th June 2021. (13 marks) b. Calculate the figure for Capital at 30/6/21. Careful I am asking for the figure at 30/6/21 not the opening figure on the 1/7/20