Sydney Road Restaurant commenced business on 1 January 2021. Detailed cash records have been kept and the following information is provided. Sydney Road Restaurant Statement of Cash Receipts and Cash Payments for 12 months ended 31 December 2021 dditional Information - Revenue from customers includes a deposit of $14,000 for a birthday party booked for February 2022. - A 6-month advertising contract for $18,000 commenced on 1 November 2021. - New kitchen equipment was purchased on 1 January 2021. It has an expected life of 4 years with a trade-in value of $4,000. Use Straight Line Depreciation. - Rent of premises is $6,000 per month, paid 3 months in advance. - All cleaning supplies were used during the year. - An amount of $10,000 is owed from a function held on 28 December 2021. - Food and Beverage supplies on hand at 31 December 2021 amounted to $75,000. - The bank loan commenced on 1 March 2021. Interest is 6% per annum payable on the first day of each month. The first payment was made on 1 April 2021. Required 1. Using Accrual Accounting, prepare the Income Statement for the year ended 31 December 2021. 2 Using Accrual Accounting, prepare the Balance Sheet at 31 December 2021