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 () Sales Purchases Wages Delivery Costs Insurance Rent Other expenses Motor Vehicles Equipment Accumulated depreciation- Motor Vehicles as at 1 Oct. 2021 Accumulated depreciation- Equipment as at 1 Oct 2021 Trade receivables Trade payables Bank Balance Inventories at 1 Oct. 2021 Drawings Loan Capital as at 1 Oct 2021 Total 32,000 15,200 3,600 2,500 6,500 3,200 15,000 10,000 10,000 6,000 28,300 20,000 152,300 Credit (E) 109,550 4,500 3,000 7,250 13,000 15,000 152,300 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 1. The statement of profit and loss for Ramosh Ltd for the year ended 30 September 2022. 2. Statement of Financial position as at 30th September 2022.