stion 1 (50 marks) Ronaldo owns Nikee Shop Cc located in Benoni. The shop is purely an outdoor shop specializing in all types of outdoor sporting requirements. The Financial Accountant, Mr Bob has taken some vacation leave due to his team, Liverpool, winning the FA Cup. Mr Bob has asked for your assistance to draw up the Income Statement & Balance Sheet for the year ended 28 February 2022 and has provided you with the following information to assist you and further informs you that there is zero Returns and zero Accumulated Depreciation. Capital Land & Buildings Non Expe Furniture Fittings Not ALK Delivery Vehicle N (one Investment Shares JSE: Total sports Debtors rent lisey. Bank Cornert Hedl, x ASP + 109 431 Long Term Loan Creditors: Solly M Sports Cred 145 Mon. Wrient Labilitios Sales 56339 Cost of Sales expe Commissions Income: Garmin mel Income Rent Income Salaries Telephone Electricity Repair Expenses Insurance Expose expan se exprse Expense R.... 963 000 332 590 190 000 190 000 143 000 Rates General expenses (eloven & lebi) 592 000 213 000 11 200 8 900 7 265 10 412 6 000 14 210 Bad debts 4 980 Advertising: Sports Celebrities ex 19 200 2340 Delivery Expenses R... 641 728 739 000 340 000 1074 000 10 100 12 700