Tech Ventures' trial balance as of 31 December 2021 includes the following:

Account	Debit (£)	Credit (£)
Cash	50,000
Accounts Receivable	70,000
Inventory	40,000
Property, Plant, and Equipment	200,000
Accounts Payable		60,000
Long-term Debt		100,000
Common Stock		150,000
Retained Earnings		50,000

Requirements:

1. Assemble a trial balance as of 31 December 2021.
2. Using the trial balance, draft an income statement for Tech Ventures for the year ended 31 December 2021.
3. Compute the Return on Equity (ROE) and discuss its significance.