The following trial balance as at 31 May 2022 has been prenared for Antioch Tradino Additional information: Value of stock as at 31 May 2022 was $87,200. Required: Based on the Trial Balance as at 31 May 2022 above, prepare the following statements in the answer template given below: (a) A properly classified Profit \& Loss Statement (narrative format). (b) A properly classified Statement of Financial Position (narrative format). Please note that the statements in the Answer Template are already partially prepared for you. (Total: 25 marks) Antioch Trading Profit \& Loss Statement for the year ended 31 May 2022 Less: Returns inwards Less: Cost of Goods Sold Add: Other Operating Revenue Less: Operating Expenses Selling \& Distribution Carriage outwards Salesmen's salaries \& commission Advertising expense (10,432) 18,682 23,446 Finance expenses Interest on loan 9,240 Other operating expenses Net Profit/Loss Antioch Trading Statement of Financial Position as at 31 May 2022 Assets Non-current Assets Fixed Assets Office equipment 90,100 Intangible Assets Current Assets TOTAL ASSETS Non-Current Liability Current Liability Owner's Equity TOTAL LIABILITIES \& OWNER'S EQUITY