The following is a Trial Balance from the ledger of Marigold for the year ended 30 June 2017. Also, a stock-take was done on the 30th June, showing closing inventory of $32,000. The closing inventory has not yet been entered into the journals. Required: a) Prepare a properly formatted Income Statement. b) Prepare a properly formatted Balance Sheet. Trial Balance Workings Dr Land and Buildings 230,000 Plant & Machinery 195,000 Ace Depn - Plant & Mach 95,000 Bank Overdraft 62,000 Office Furniture & Equipment 21,000 Accounts Receivable 70,000 Sales 1,100,000 Inventory (Opening) 36,000 Purchases 890,000 Mortgage 168,000 Salaries -Office Staff 30,000 Accounts Payable 40,000 GST Collected 29,000 GST Paid 32,000 Capital (opening) 100,000 Advertising 5,000 Office Expenses 11,000 Bad Debts 2,000 Drawings 18,000 Salaries Sales Staff 30,000 Depreciation 24,000 Totals $1,594,000 $1,594,000 a) Income Statement for Marigold for the year ended 30th June 2017 555