question under finacial rep.

its an assignment.

Question 2 The following trial balance was extracted froe the books of Onei and Yeboah as at 31/12/2020 2tPage Provision for bad t doubtful dzbe Steck of goeds for resale at 1/1/2020 \begin{tabular}{ll} \multicolumn{2}{c}{200} \\ 2200 & \\ 100.760 & 100,760 \end{tabular} Additional information In addition to the above, the following information are given (a) Stocks in trade at 31 Dec. 2020 GHe 8.200 (h) Prowition is to he made fre depreiation a the following rates Motor vehicles 25% per annum Frechold land and buildings 2% per annum Reduce provision for bad and doubeful debas to GHe 150 (c) leserest is to be allowod at 8% per annum on partners" capital (d) lnerest is to be charged on partners drawiags at 10% per annum (e) Osei and Yeboah to share the revidue of profits equally Required to prepare: a). The income Statement of the firm for the year ended 31st Deeember, 2020 b). The Profit and Loss appropeiation account for the year ended 31 st December, 2020 c). The Balance sheet as at 31st December, 2020