Question 3 From the following list of balances, prepare a trial balance as at 31 December 2020 for Arusha James. Plant and Machinery Motor Vehicles Premises Wages $ 21 450 26.000 80 000 42 840 Purchases 119 856 Sales 179 744 Rent Received 3 360 Telephone, printing and stationery 3 600 Accounts Payable 27 200 30 440 2216 ? Accounts Receivable Bank Overdraft Capital Drawings General Expenses Lighting and heating Motor Expenses Inventory (1 January 2020) Discount Received Returns Inwards Interest Received Returns outwards Commission Received Cash in hand Taxes Expense Inventory (31 December 2020) Table 2. 10 680 3 584 2960 2 360 9.000 7.000 8.500 20 000 3 200 5 300 12.000 6.000 15.000 Required: A. Prepare a Trial Balance as at 31 December 2020 for Arusha James. (17 marks) B. Explain THREE (3) purposes of the Trial Balance. (3 marks) (Total 20 marks)