The following Trial Balance is taken from the ledgers of Fabulous Marketing Ideas, a sole proprietor business, started its business during the year 2020. The company opts to close its accounts on monthly basis. The necessary adjustments are given below; Fabulous Marketing Ideas Unadjusted Trial Balance For the Period Ended Dec 31, 2020 Particulars Debit Credit Capital 400,000 Purchases/ Sales 261,540 362,460 Salaries 48,140 Prepaid Services 54,750 Stock 43,070 Insurance Expense 8,200 Rent Income 9,650 Unearned Revenue 38,000 Revenue Earned 16,750 Buildings 340,000 Furniture 45,000 Cash in Hand 10,000 Cash at Bank 62,950 Debtors/Creditors 61,450 46,380 Other Expenses 10,600 Commission Income 9,460 Bank Loan 50,000 Interest Payable 13,000 Total 945.700 945.700 Buildings 340,000 Furniture 45,000 Cash in Hand 10,000 Cash at Bank 62,950 Debtors/Creditors 61,450 46,380 Other Expenses 10,600 Commission Income 9,460 Bank Loan 50,000 Interest Payable 13,000 Total 945.700 945.700 i. Salaries for the month of December are still unpaid Rs. 137900 ii. Insurance is paid for one year up to March 31, 2021. mi. Rent received for the month of January Rs. 65010 in advanced. iv. Commission accrued but not yet received Rs. 47280 v. Furniture and Building are purchased on May 1, 2020 and July 1, 2020 respectively and supposed to be depreciated at 10% and 8% p.a respectively. vi. Stock on the last date of December worth Rs. 22852 vii. The company delivered marketing services to its clients for Rs. 59100, against the payment it received viii. The company utilized services it has paid in advance for Rs.37430 during December. Requirements; 1. Pass all the necessary adjustments for the month of December. 2. Prepare complete Worksheet. 3. How financial health of a company is measured? Which statement is prepared and why