Ramosh Ltd is an online business selling children books and craft materials. Find below their trial balance as at 30th September 2022. Trial balance as at 30 September 2022 Debit () Credit () Sales 109,550 Purchases 32,000 Wages 15,200 Delivery Costs 3,600 Insurance 2,500 Rent 6,500 Other expenses 3,200 Motor Vehicles 15,000 Equipment 10,000 Accumulated depreciation- Motor 4,500 Vehicles as at 1 Oct. 2021 Accumulated depreciation- Equipment 3,000 as at 1 Oct. 2021 Trade receivables 10,000 Trade payables 7,250 Bank Balance 6,000 Inventories at 1 Oct. 2021 28,300 Drawings 20,000 Loan 13,000 Capital as at 1 Oct. 2021 15,000 Total 152,300 152,300 Additional information: 1. Motor vehicles are to be depreciated on the straight-line basis at the rate of 20% per annum. 2. Equipment is to be depreciated on the reducing balance basis at rate of 25% per annum. 3. Rent of 500 has been paid in advance. 4. Inventories held at 30 September 2022 were valued at 5,600 5. Interest on loan is 10% pa and has not yet been paid 6. The company was owing 200 for insurance as at year end. 7. A customer owing the company 250 is unable to pay. Required Prepare the statement of profit and loss for Ramosh Ltd for the year ended 30 September 2022 and a statement of financial position as at that date.