Show all he steps please and equations

Thanks in advance

The trial balance of Organic Village Trading as at 31 March 2017 is shown as follows. Debit (RM) Credit (RM) Inventory at 1 April 2016 Return inwards and outwards Carriage inwards Duty on purchases Carriage outwards Purchases and sales Discount received Insurance on purchases Commission received Rental received Shop rental Salary Salesman commission Discount allowed Advertisement expenses Accumulated depreciation 3,000 2,000 3,500 2,800 2,200 80,000 150,000 3,200 2,700 2,300 1,000 16,000 16,500 1,300 2,600 2,000 Motor vehicle 14,000 70,0005,000 20,000 Office equipment Motor vehicle Office equipment Accounts Receivable and Payable Telephone and electricity bills Insurance Bad debts Bank Cash Loan from Maybank (10% per annum) 40,000 10,000 5,000 4,000 500 25,000 1,500 50,000 1,200 Capital 60,300 308,800 nventory as at 31 March 2017 was RM16,000. Required: income statement for the year ended 31 March 2017. 15 marks) (b) Prepare a balance sheet as at 31 March 2017. 18 marks]