TAN ple has the following trial balance as at 31" of December 2021 150,000 45,000 Sales Revenues Properties Opening Inventory (as of 1 Jan. 2021) Bills expense Prepayments Creditors Cash on Hand Purchases 15,000 37,500 75,000 55,000 37,500 60,000 Accruals 37,500 22,000 Debtors Salaries Expense Machines 33,000 30,000 Share Capital 112,500 355,000 355,000 The following information is also available: - I. Closing stock at 31" of December 2021 is 40,000 II. Included in the Bills expense is 12,000 rent paid for the year ended at 30% of June 2022. III. Late Salaries of 6,500 for November and December 2021 has not been included in the Bills expense Required: showing full workings, you are required to: A. Prepare an Income Statement and a Balance Sheet for TAN plc at 31" of December 2021. B. Analyse the financial position for TAN plc, your analysis should include a discussion of their profitability, liquidity, and efficiency positions (three ratios are required for each position). C. Advise the current and potential shareholders of TAN ple whether they should sell or keep their shares in the company and why. Given that the industry average for some of the ratios are as follows: net profit ratio is 20%, current ratio is 120%, debtors' days 110 days and creditors days 130 days