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REQUIRED: Using the Trial Balance provided below, prepare the following for the period in question: a) Fully classified Income Statement [19 marks] b) Statement of

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REQUIRED: Using the Trial Balance provided below, prepare the following for the period in question: a) Fully classified Income Statement [19 marks] b) Statement of Changes in Equity [4 marks] FEET UP FURNITURE ADJUSTED TRIAL BALANCE FOR THE YEAR ENDED 30 JUNE 2021 Credit ($) Debit ($) 64,400 68,600 29,344 1,400 2,156 35,000 12,628 20,160 6,300 22,400 840 47,040 62,734 25,900 Cash at Bank Accounts Receivable Inventory (30 June 2021) Allowance for Doubtful Debts Prepaid Advertising Shop Furniture & Fittings Accumulated Depreciation - Shop Furniture & Fittings Sales Equipment Advertising Payable Accounts Payable Interest Payable Loan Payable S. Bed - Capital (1 July 2020) S. Bed - Drawings Sales Sales Returns & Allowances Discount Received Electricity Expense COS Depreciation Expense - Shop Furniture & Fittings Freight Inwards Rent Expense Discount Allowed Salaries Expense - Store Advertising Expense Interest Expense Doubtful Debts Expense Salaries Expense - Admin Totals 766,234 12,082 4,340 2,240 540,694 4,970 3,948 41,020 5,180 46,760 784 658 1,400 18,620 923,916 923,916 Sofia has provided the following additional information to assist you with your statement preparation: $6,700 of the Rent expense specifically relates to the administration office. The remainder of this expense relates to running the store. 20% of the Electricity expense specifically relates to the administration office. The remainder of this expense relates to running the store

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