Sunny Durians started business on 1 January 2024 and by end of the second year of business 2025 has the following trial balance: Sunnu Nurianc Trial Ralance ac at 31 nec 2025 . Additional information: i. As at 31 Dec 2025, unsold inventory is valued at $3,000 at selling price. The mark-up is 100% on cost. ii. Further analysis revealed that the insurance of $900 was paid on 1 September 2025 which covered an insurance period of 1 Sept 2025 to 31 August 2026. iii. Rent of $1,000 for the month of January 2026 was paid on 31 Dec 2025. iv. A motor van was purchased on 1 Jan 2025. The depreciation for office equipment and motor van are based on cost at 10% and 20% per year respectively. v. A customer who owed $500 was declared bankrupt. No adjustment in accounts has yet been made. A provision for doubtful debts at 10% of the remaining accounts receivable is to be made. vi. An income tax liability of $3,000 is estimated for the year of 2025. You are required to prepare the Income Statement for year ended 31 Dec 2025. (A Statement of Financial Position is not required for this