Use the data in the picture to qmswer the following.

$1.$ Use an accounting worksheet to analyse transactions and balance day adjustments for the month activities then recorded in an excel worksheet. $2.$ Based on your worksheet prepare an income statement, balance sheet, statement of cash flows show all calculations, $3.$ Calculate the profit if the business uses cash accounting. Show all calculations. Compare the profit from cash and accrual accounting for the business and give $3$ reasons why the amounts are different. Explain which accounting method is better for the business in your data sheet