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 Receipts Revenue from Customers 720,000 Capital 65,000 Bank Loan 120,000 Payment Rent of premises 90,000 Advertising 18,000 Kitchen equipment 38,000 Wages 200,000 Electricity 18,400 Drawings 50,000 34,000 cleaning supplies Insurance on restaurant 4,000 Interest on Bank Loan 5,400 Food and beverage supplies 345,000Additional lnformati on - Revenue from customers includes a deposit of 514.000 for a birthday party booked for February 2022. . AISmonth advertising contract for $10000 commenced on 1 November 2021. New kitchen equipment was purchased on 1 January 2021. It has an expected life of4 years with a tradein value of $4000. Use Straight Line Depreciation. Rent of premises is $0000 per month. paid 3 months in advance. ll cleaning supplies were used during the year. An amount of $10,000 is owed from a function held on 20 December 2021. Food and Beverage supplies on hand at 31 December 2021 amounted to $T5,000. The bank loan commenced on 1 March 2021. Interest is 5% per annum payable on the first day ofeach month. The first payment was made on 1 April 2021. Required 1. Using Accrualccounting. prepare the lncome Statement for the year ended 31 December 2021. 2 Using Accrual Accounting, prepare the Balance Sheet at 31 December2021