Question 4 The following trial balance was extracted from the books of Mike Karuvadu on 31 Dec 2018. From it and the note inventory, prepare his Statement of Profit or Loss for the year ending 31 Dec 2018 and a Statement of Financial Position as at that date: Dr $ Cr $ 216,420 109,680 10,410 2,115 1.840 5,900 6,720 Sales Purchases Inventory: 1 Jan 2018 Carriage outwards Carriage inwards Retum inwards Return outwards Salaries and wages Motor expenses Rent Sundry expenses Motor vehicles Fixtures and fittings Accounts receivable Accounts payable Cash at bank Cash in hand Drawings Capital 42,800 1,912 7,800 1,318 15.400 1,912 24,200 19,100 5.100 1,240 30,440 19.827 262,067 262.067 Inventory at 31 Dec 2018 was $11,290 (20 marks 1/SMA cm Row Words! $91 pe check