Question 2 In an accounting system, the best report to take information from is the Trial balance. Thus the first step in preparing an Income statement is to obtain a copy of a Trial balance. The following information was extracted from the financial records of Omutundungu Village Council for the Period 30 June 2019. You are required to construct a Trial Balance for the Council in question. Ex[plain why the trial balance you constructed balanceot balance. (20 marks) NS Inventory 3 000.00 Accounts Payable 6 000.00 Income tax 500.00 Interest expenses 1 700.00 Wages 3 500.00 Rent paid 1 500.00 Cash 5 000.00 Bank 20 000.00 Equipment 12 000.00 Accounts Receivable 2 000.00 Opening Capital 2 000.00 Capital 10 000.00 Drawing 1 100.00 Loan 19 700.00 Revenue 21 750.00 Stock 1 200.00 Purchases 4 500.00 Closing stock 550.00 Depreciation 1 000.00