The following Trial Balance was extracted from the books of Sebina Store as at $31$ December $2021.$

Closing inventory as at $31$ December $2021$ was P$9,100$

Accrued rent of P$400$

Prepaid business rates of $P300.$

The motor vehicle is to be depreciated at $20\%$ using the straight$-$line method of depreciation.

REQUIRED:

a$.$ Prepare the Statement of Comprehensive Income for the year ending $31$ December $2021.$

$(10$ marks$)$

b$.$ Prepare the Statement of Financial Position as at $31$ December $2021.$

$(10$ marks$)$