Question 2: Financial statements (18 marks) Book Heaven Ltd started operation on 1st June 2021. Below is adjusted trial balance for Book Heaven Ltd. at the end of June, and the Cash ledger for June 2021. Book Haven Ltd. Trial Balance as at 30 June 2021 Account names Dr ($) Cr ($) Cash 67,700 Account receivable 11,000 Prepaid insurance 2,400 GST Paid 5,300 Inventories 33,000 Account payable 16,500 GST Collected 2,900 Share capital 95,000 Sales 29,000 Cost of goods sold 17,000 Rent expense 3,000 Salaries expense 4,000 143,400 143,400 Cash Date Correspondent account Dr ($) Date Correspondent account Cr ($) 01-Jun Share capital 95,000 05-Jun Rent 3,300 20-Jun Sales 11,000 10-Jun Insurance 2,400 25-Jun Sales 11,000 14-Jun Salaries 4,000 28-Jun Sales return 1,100 30-Jun Account payable 38,500 Balance 67,700 117,000 117,000 Balance 67,700 Required: Based on the information provided, prepare: 1. Statement of Profit or Loss (3.5 marks) 2. Statement of Changes in Equity (3 marks) 3. Statement of Cashflow (3.5 marks) 4. Statement of Financial Position (8 marks)