Saved 25 2020 Assignment Part B_UPLOAD (1) - Protected View References Mailings Review View Help viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing QUESTION 2: Financial Statement 18 markal Ms Daphne Blake is the sole proprietor of 'Sunsetra beach shade sale and hire business specialising in beach tents. She is also a good friend of Fred Jones and often refers customers who are holidaying in the area to the shore Read. The following Trial Balance for Sunset' has been prepared at year end by Ms Blake who likes to keep a hand in the bookkeeping side of the business SUNSETZ-TRIAL BALANCE AS AT 30 JUNE 2020 Debit (5) Credit ($) 20 000 33 280 6904 36 871 800 Shop Furniture & Fittings Salaries Expense Sales Returns & Allowances Accounts Receivable Office Electricity Expense Discount Received Insurance Expense Accumulated Depreciation - Shop Furniture & 2536 1520 7216 2920 14 800 800 38 789 7957 376 336 000 456 308 968 4336 35 848 2840 Office Rent Expense Daphne, Drawing Doubtful Debts Expense Cash at Bank Advertising Payable Interest Expense Sales Shop Electricity Expense Purchases Purchase returns and allowances Daphne Capital Depreciation Expense-Shop Furniture & Fittings Interest received Sales Equipment Frecht Inwards Hire Fees Shop Rent Expense Advertising Expense Accounts Payable Discount Allowed Interest Payable Inventory (1 July 2019 Loan Payable Prepaid Advertising Allowance for Doubtful Debts Fuel Expense-Delivery Van 1 845 11 520 2256 100 000 20520 5237 8478 2980 16 768 26 880 1 232 BOO 2.560 337395 532395 (Continued next pegel Display Set yout can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editi QUESTION :Financial Statement cont. Additional Information: The loan is payable in equal amounts over 48 months A physical stocktake of inventory at 30th June 2020 revealed 546 750 on hand, Insurance was paid to cover the office equipment The Salaries expense covered Shop Salaries and Office Salaries 522 540 and $10 640 respectively REQUIRED Prepare a fully classified Income Statement using the Trial Balance provided for the period in question. Please answer directly below. o RI Diss