Tia a student of the Small Business Management Group of 2019 established a sole proprietorship, selling car parts for the business. The business is at the end of the first year of operation. As a sole proprietorship she is not required to prepare a formal financial statement however in keeping with good business practices she intends to prepare these statements for personal benefits as a business owner.

The following data were extracted from the books of Tia as at March 31, 2019.

	$
Building	96,000
Capital	103,598
Cash	12,268
Cost of Goods Sold	42,020
Creditors	6,500
Debtors (Accounts receivable)	13,620
Depreciation Expense	15,092
Drawings	12,556
Electricity Expense	1,032
Furniture and fixtures	17,920
Insurance Expense	6,142
Long Term Loan	80,000
Motor van	37,000
Rent Expense -Warehouse	3,120
Sales	81,200
Stock as at March 31, 2019	19,920
Transportation Expense	9,700

You are required to use the information provided above to prepare the basic Financial Statements and the Statement of Cash Flow for Tias business as at the 31^st. March 2019.