Using the Trial Balance with required adjustment, produce the businesss SOFP and IS (show your workings)

Archie's Company Trial Balance as at 01.09.2020: Trial Balance of Archie's Company at 01.09.2020: Dr Cr Add E 3 4 cash 5 accounts receivable 5 supplies 7 prepaid insurance 8 buildings 63,000 10,000 5.000 12,000 500,000 50,000 land 9 10 accounts payable 11 notes payable 12 retained earnings 13 drawing 14 revenue 15 salaries 5,000 300,000 200,000 10,000 600,000 325,000 50,000 repairs 16 17 advertising 18 rent 19 interest expense 20 Examle 3 Easy Grow Gardening 10,000 50,000 20,000 1,105,000 1,105,000 Additional Information for further Trial Balance adjustment 1 Closing inventory has been valued at 35,600 at as at 01.09.2020 2 The depreciation for buildings for the year to 1 September 2020 should be based on 2% of the reducing balance. 3 Bad debts of 1,650 are to be written off at 01 September 2020 4 An accrual of $500 is required in respect of advertising 5 Land is to be revalued to 80,000 at 01 September 2020. 6 Rent was prepaid by 10,000 at 01 September 2020. w Gardening