b$)$ On July $2020,$ the following transactions occurred in

the books of accounts of Matola LTD Company:

July $1$ Started in business with Cash at Bank Tsh$.20,000,000$ and Stocks with, a value of Tsh$\mathrm{.}500,000.$

July $2,$ Mo LTD lent Matola Tsh$\mathrm{.}5,000,000$ in cash.

July $3,$ Matola Bought goods on credit

Tsh$\mathrm{.}5,500,000$ from Manula.

July $4,$ Sold goods for cash Tsh$\mathrm{.}6,900,000.$

July $6,$ Took Tsh$\mathrm{.}200,000$ cash from the bank account.

July $8,$ Sold goods on credit to Lwanga Tsh$.1,400,000.$

July $10,$ Sold goods on credit to Kagere Tsh$\mathrm{.}350,000.$

July $11,$ Bought goods on credit from Bwalya, Tsh$\mathrm{.}500,000.$

July $12,$ Lwanga returned goods costing Tsh$\mathrm{.}200,000$ to Matola.

July $15,$ Matola returned goods of Tsh $100,000$ to Bwalya.

July $17,$ Bought a motovan on credit from Azam Cars Ltd Tsh$\mathrm{.}4,500,000.$

July $18,$ Bought office furniture on credit from Mugalu Ltd costing Tsh$.1,800,000.$

July $20,$ Bought goods for cash Tsh$\mathrm{.}400,000.$

July $22,$ Matola withdrew $-$cash Tsh$\mathrm{.}500,000$ for his private use.

July $24,$ Goods were sold for cash Tsh$\mathrm{.}300,000.$

July $25,$ Paid money owing to Manula and Mo LTD by cheque Tsh$\mathrm{.}1,900,000$ and Tsh$\mathrm{.}2,500,000$ respectively.

July $28,$ Matol$$ injected extra Tsh$\mathrm{.}2,500,000$ into the business in the form of cash.

July $29,$ Paid Azam Cars Ltd Tsh$\mathrm{.}4,000,000$ by cheque.

July $30,$ Paid Rent Tsh$\mathrm{.}36,000$; Fuel Tsh$.13,000$; Wages & Salaries Tsh$\mathrm{.}20,000$ and Electricity

Tsh$.11,000($all by Cash$).$

$31$ The Ending Inventories increased by $80\%$ of the Inventories at the beginning.

You are required to prepare:

$($i$)$ Income Statement for the year ended $31$ July, $2020$ and $(9$ Marks$)$

$($ii$)$ Balance Sheet as at $31$ July, $2020$

$(9$ Marks$)$