The figures below are balances extracted from the accounts of a construction company at the year-end of 2021:

	Opening 01/01/2021	Closing 31/12/2021
Debtors	5,589	6,681
Creditors	1,684	5,465
Accruals Wage/Salaries	384	577
Accumulated depreciation building	40,000	40,500
Accumulated depreciation equipment	1,360	1,520
Overdraft	2,000	7,500
Building (at cost)	150,000	150,000
Share Capital	100,000	100,000
Cash	7,470	14,649
Equipment (at cost)	3,400	9,400
Land	23,000	23,000
Stock	8,950	8,500
other Current Assets	1,245	1,350
Prepaid Insurance	600	0
Profit & Loss Account	54,826	58,018
Receipts from Sales		20,362
Payments to Suppliers		6,289
Wages		2,327
Bank Interest payments		400
Taxation		1,700
Miscellaneous operating expenses		1,862

a. Prepare a Balance Sheet for the company at the year-end.

b. Prepare a Profit & Loss Account for these figures.

c. Prepare a Cash Flow statement for the company during the year.

d. Evaluate the liquidity of the firm (company).

e. Discuss the accounting concepts adopted in preparing the three (3) financial

statements above?

f. Briefly explain the terms "prepayment" and "accrual" as used in balance sheet terminology and provide examples of each.