Question: Answer the Question step by step based in the picture given. thank you 2. Following is the trial balance owned by Azizah Sundry Shop at

Answer the Question step by step based in the picture given. thank you

2. Following is the trial balance owned by Azizah Sundry Shop at 30 Jun 2020. Debit Credit $ $ 37 312 Capital at 1 July 2019 Inventory at 1 July 2019 Sales 8756 38 053 Purchase 28 378 Purchase Return 286 Sales Return 140 Discount Received 365 Building 35 000 Carriage Inwards 320 Fittings 3 560 Salary 2 200 Utilities 720 Discount Received 5 250 Insurance 140 Advertisement 350 Bank 2 750 Accounts Receivable 2 640 Accounts Payable 3 688 84 954 84 954 You are required to prepare : a) Statement of Profit or Loss for the year end 30 June 2020. b) Statement of Financial Position as at 30 June 2020. Additional Information: (i) Inventory at 31 December 2020 being valued at $ 9000

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