TREVOR BARKER'S ELECTRICAL COMPARATIVE BALANCE SHEETS AS AT DECEMBER 31 2020 $ 2019 Current Assets Cash at Bank Accounts Receivable (net) Interest Receivable- Prepaid Rent- Inventory Prepaid Insurance Non-Current Assets Equipment less Accum. Depreciation Total Assets 89 6604 67 2004 800- 2 000 76 600 1 500 4000- 73 300 1 700- 1 600 82 500e 2 600 237 760- 165 700- 275 000 (142 000) 133 000 370 760- 325 000 (135 000 190 000 355 700 1 . Current Liabilities Bank Overdrafte Accounts Payable Interest Payable- General Expenses Payable- Wages Payable Tax Payable Non-Current Liabilities Loan Payable- Total Liabilitiese Net Assets 54 400 600 4 300- 11 200 8 500 12 000 57 600 400- 4200 10 400 11 000 79 000 95 600 50 000 45 000 124 000 246 760 145 600 210 100 Equity Capital 210 100 246 760 246 760 210 100- (continued TREVOR BARKER'S ELECTRICAL INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020- Gross Profite Net Salese Cost of Sales Other Income: Interest Income- 625 000 375 000 250 000 1 200 251 200- Expenses Selling Expenses Wages Expense Doubtful Debts Expense- Bad Debts Expense- Depreciation Expense Interest Expense- Loss on Sale of Equipment Profit before taxe Income tax expense Profit- 102 200 26 600 1 200- 2 100- 32 000- 8 300 5 000 177 400 73 800 22 140- 51 660 Additional information: Equipment that was purchased for $50,000 and written down to $25,000 (the carrying amount) was sold for $20,000 cash. The owner invested $23,000 cash during the year. REQUIRED: PLEASE SHOW ALL CALCULATIONS FOR EACH QUESTION OR YOU WILL NOT GET ANY MARKS. (a) Cash receipts from customers (b) Total purchases (c) Cash paid for purchases (d) Cash paid for expenses (e) Cash paid for suppliers and employees (f) Cash received from interest income (9) Cash paid for interest (h) Cash paid for tax 0 Cash received from the sale of non-current assets (1) Cash paid for the purchases of non-current assets- (k) Cash borrowed/repaid for loan (1) Cash paid for drawings t