Slick Traders supplies the following trial balance and additional information at 30th June 2021. Required: Slick Traders - Trial Balance at 30th June 2021 Account Debit Cash at bank Credit 14,500 Petty cash Advance 300 Accounts receivable 20,000 Allowance for doubtful debts 1,000 Inventory (1/7/2021) 20,000 Office equipment - cost 18,000 Accumulated depreciation - office equipment 5,400 Motor vehicles - cost 20,000 Accumulated depreciation - motor vehicles 6,000 Land and buildings 320,000 Accounts payable 16,400 Loan from South Bank (Due 1/8/24) 80,000 Accrued expenses 1,000 GST collected 30,000 GST paid 16,000 Capital (1/7/2021) 240,000 Drawings 60,000 Sales 300,000 Discount received 1,800 Depreciation - office equipment 2,000 Depreciation - motor vehicles 40,000 Wages and salaries 12,000 Advertising 9,000 Motor vehicle expenses Interest on loan Discount allowed Arcessibility: Investigate I 200 4,200 400 Focus 2200 Doubtful debts 500 Insurance 4,500 Light, power and telephone 5,400 Stationery expense 1,400 Freight inwards 10,000 Purchases 100,000 680,000 680,000 Additional Information: A stock-take at 30th June 2021 revealed closing stock of $25,000 50% of wages and salaries relate to sales staff, while the remainder relates to office staff Motor vehicles are used wholly by sales staff a a) Prepare a properly classified income statement for the year ended 30th June 2021 (The statement should show Cost of Goods Sold and other operating expenses should be classified as marketing, administration and financial expenses) b) Prepare a properly classified balance sheet as at 30th June 2021