Question One The following trial balance was extracted from the books of GT Erbil & Sons at the end of the year 31 December, 2020 You are required to prepare a statement of comprehensive income for the year ended 31 December, 2020, and a statement of financial position as at that date. Note that: Stock 31 December 2020 5,000 USD. Trial Balance As At 30 November, 2020 Particulars CR USD Sales 210,000 Returns Inwards 4,200 DR USD Cost of Sales Stock 1st December 2020 Purchases Returns Outwards 26,800 115,300 2,850 Other Income Commission Received Discount Received 5,300 6,650 Operating Expenses Carriage Outwards Discount Allowed Rent and insurance Office expenses Wages and salaries 11,800 7,200 8,700 2,250 45,700 Fixed Assets Fixtures and Fittings Delivery Van 6,000 10,500 Currrent Assets Cash Debtors 450 59,550 Liabilities and Equity Creditors Bank Overdraft Capital 1st January 2020 Drawings Total DR and CR 30,300 21,750 36,000 14.400 312,850 312.850