You are a financial accountant for a small business and have been tasked with preparing a monograph for the company's financial statements. The monograph should include a list of economic events that have occurred over the course of one month, including:$1)$receivables$,2)$merchandising assets, $3)$sales$,4)$VAT$,5)$ prepaid expenses and revenues $($these five categories have to be in your monograph as mandatory$).$Your list should include $15$ economic events.$$For each economic event, you will need to create a general journal entry, post the entry to the general ledger, prepare a trial balance, and ultimately prepare the company's income statement and balance sheet.$$To complete this assignment, you will need to:$1.$ Create a list of at least $15$ economic events that have occurred over the course of one month. Make sure to include the mandatory economic events mentioned above and any other important events that you can think of$.2.$ For each economic event, create a general journal entry and post the entry to the general ledger. Make sure you journalize adjusting entries as well.$3.$ Prepare a trial balance from the general ledger.$4.$ Prepare an income statement for the company.$5.$ Prepare a balance sheet for the company.$$Your monograph should be well$-$organized and include all relevant financial statements. Make sure to clearly label each statement and explain how you arrived at your final figures. $$I expect that you will show a deep understanding of the principles of financial accounting and be able to apply those principles to real$-$world economic events. Your financial statements should be accurate, complete, and reflective of the company's financial position over the course of a month.