Ytter op. exipe operating in 18. From the following particulars, prepare a balance sheet of Apple V December2021: Capital $550,000 Drawings $10,000 Sundry Debtors $100,000 Less into Income be Less Net 3 Sundry Creditors $80,000 Loan From Bank$20,000 Net profit $160,000 Closing Stock $50,000 Plant and Machinery $150,000 Building $120,000 Land $ 300,000 Goodwill $ 50,000- Furniture and Fixtures $30,000 2. The following balances are taken from the books of Paul A 31, 2018. Dr Cr $ Sales income statement Purchases Wages and Salaries Repairs and Maintenances Heating and Lighting General Expenses income statement Insurance 3Statetement Cash at Bank assets Cash in hand asset Trade Receivables assets Trade Payable Premises assets Fixtures & Fittings assets Motor Vehicle assets Capital at January 1, 2018 Liability Drawings lidality 40,000 incone Actement (COGS) 18,500 income stantement 5,100 infore Jehmend 1,300 expenses income 900 1,200 800 2,200 1,300 4,100 3,400 30,000 10,000 8,000 52,000 12,000 95,400 95,400 The following additional information is available: Inventory at 31, December 2018 was valued at $4,500 Required i. ii. Prepare income statement for the year ended 31/12/2018 Prepare a balance sheet as at 31/12/2018 $