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The following is the trail balance of Gulf Bank at 31/12/2022, No Name of the account Debit Credit BD millions BD millions 1 Cash

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The following is the trail balance of Gulf Bank at 31/12/2022, No Name of the account Debit Credit BD millions BD millions 1 Cash and the balances at 343.7 the central bank 2 Other operating expenses 11.2 3 Treasury bills 468.7 4 Placement with the bank 295 and other financial institutions 5 Loan and advances 2975.5 6 Investments securities 1258.6 7 Investment in associates 25 8 Interest receivable and 93.5 other assets 9 Property and equipment 85 GU-PR08ASW-F04 5 GULF UNIVERSITY 10 Goodwill and other 45.5 intangible assets 11 Due to the banks and other 650 financial institutions 12 Borrowing under 120 repurchase agreements 13 Customer deposits 3284.2 14 Share capital 1418.7 15 Share premium 11.4 16 Interest income 173.3 17 Interest expenses 37.8 18 Net fees and commission 24.8 income 19 Other income 20 Staff expenses 20.6 38.5 21 Depreciation, amortization, 25 and equipment expenses TOTAL 5703 5703 Requirements: Prepare the income statement and balance sheet of Gulf Bank on 31/12/2022?

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