The owner of Ready-to-wear Clothing has provided the following adjusted trial balance at the end of the firm's reporting period ended 31 December 2021: Advertising 800 Capital 113,160 Cartage inward 360 Cash sales 104,000 Cash at bank 2480 Discount revenue 420 Cleaning 2,400 GST clearing 6,000 Computer 6,400 Creditors control 12,400 Cost of sales 98,400 Loan (due 2023) 58,000 Debtors control 23,000 Credit sales 106,000 Electricity 1,000 Salaries 1,800 Furniture 24,600 Insurance 1,000 Interest 460 Stock loss 300 Rent 24,800 Stock control 110,400 Telephone expense 1,980 Vehicle 76,200 Drawing 23,600 399,980 399,980 Requirement: a) Prepare the Income Statement for the year ended 31 Decemebr 2021 and the Classified Balance sheet for Ready-to-wear Clothing as at 31 December 2021. b) Prepare closing entries for Ready-to-wear Clothing at 31 Decemeber 2021