You are required to solve Questions 1, 2 and 3 and submit your answers by 02/02/2023 (this date is the deadline). Consideration will be given to clarity and neatness of presentationyou can solve the questions manually using a pen and a paper or in an excel format. Question 1 Presented below is selected information related to Mohammed Ltd at December 31 20X1. Mohammed reports financial information monthly. Accounts Payable AED3,000 Salaries Expenses Cash 7,000 Note Payable AED16,500 25,000 10,500 13,500 7,500 Advertising Expense Service Revenue Equipment 6,000 Rent Expense 54,000 Accounts Receivable 29,000 Dividends Use the above information to: [a] Determine the total assets of Mohammed Ltd at December 31, 20X1. [b] Determine the net income that Mohammed Ltd reported for December, 20X. [c] Determine the equity of Mohammed Ltd at December 31, 20X1.