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The following ledger balances are extracted from Jacob's Plumbing Service on 31 March 20x2: 10,000 22,000 8,000 4,500 2,700 Rent expense Salaries expense (office Advertisi

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The following ledger balances are extracted from Jacob's Plumbing Service on 31 March 20x2: 10,000 22,000 8,000 4,500 2,700 Rent expense Salaries expense (office Advertisi Bank interest ex Telephone and postage expense Insurance expense (or motor vehicle Shares in XYZ Ltd 1,200 9,600 1,350 500 200 Motor vehicle Tools and equipment Furniture and fittings Cash at bank Debtors Creditors 1,800 800 8,000 10,000 15,000 Captal,Jacob 21,100 h eart Drawings, Jacob Fees revenue OSS 45,000 850 Loan from bank Motor vehicle expenses able in Jan 20x5 Note: The Motor Vehicle is used for the performance of services. Required Using the template provided, prepare a) Classified Profit and Loss Statement for the year ended 31 March 20x2; b) Classified Balance Sheet as at 31 March 20x2

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