: The actual light bill received from Jamaica Light Company is $10,000. The cashier complained that she was short paid $2,500. Investigations revealed that she was in fact short-paid for the month of March 2021. The insurance for Shellyz Hair & Thingz was due and payable by March 1^st. The annual premium is $72,000 and the expense is incurred on a pro-rata basis. Depreciation for the Nissan Ad Wagon has not been taken into account for the month. The business uses the reducing balance method to depreciate motor vehicles at a rate of 12 percent (12%) per annum. The furniture and point-of-sale machine in the business are to be depreciated using the straight-line method at a rate of 8%. Depreciation for furniture and point-of-sale machine has not been taken into account. (6 marks) Prepare an adjusted trial balance with the inclusion of the above balances. Prepare the Statement of Profit or Loss and the Statement of Financial Position for the period under review. The closing stock amount is $306,600.