Can I please get help with the second question?

Trial Balance for Enterprise Print for the year ended 31 December 2021 The scenario Enterprise Print Limited is a small printing company. It had been highly profitable for a a number of years and its growth had been quite remarkable. The Chairman and Managing Director, Tom Laird, had always been meticulous in supervising all company activities, but over recent years he has been finding it increasingly difficult to maintain day-to-day control. Tom has been careful to minimise the company's administrative . costs. The annual financial accounts had always confirmed his intuitions about the company's progress, so there seemed to be no need for more frequent reporting. 350,000 20,000 Sales Sales returns Premises : cost 200.000 5,000 : opening cumulative depreciation Vehicle : cost opening cumulative depreciation 120.000 12.000 Purchases 110,000 Purchase returns 10,000 15,000 Light and heat Rent 15.000 However, because of the recent pandemic, Enterprise Print Ltd has been finding it very difficult to win now contracts. . It is company policy to depreciate all company vehicles at 20% per annum on a reduced-balance basis. The company's premises are listed buildings, and accordingly, there are restrictions on refurbishment. Tom had noticed deterioration, and he was relieved that these buildings are depreciated annually at 1% on a straight-line basis. It is company policy to pay a total dividend of 10,000, and Tom is proposing to retain this policy, but is not convinced it will be possible. Bank 100.000 6,000 15,000 4,000 Insurance Trade debtors Receivables Bad debts written off during the year Bad debt provision (1 January 2021) Trade Creditors/payables Loan interest paid Long term loan 250 20,000 5,000 110,000 Tom has explored various ways to improve the sales of the company, and the Marketing Manager, Siobhan McCall, has also outlined a number of ideas. Siobhan is proposing to start an online service for the local community, according to her business plan, the sales revenue would increase by 20%. , However, Siobhan estimates that there will be an initial cost of 50.000, and operating costs will increase by 5%. Her second proposal is to allow discounts to students, which she forecasts will yield a 2% increase in revenue, after any additional costs. However, Tom is not convinced that providing service directly to students will increase the revenue. Tom is looking to approach local companies in an effort to promote his business. Notes 1. The vehicles are depreciated at 20% per annum on a reduced-balance basis 2. Premises are depreciated at 1% per annum on a straight-line basis, 3. The trade debtors' figure of 15,000 includes the bad debts of 4,000 and is before any provision. Analysis of the debts shows that additional bad debt of 500 should be written off. After dealing with (3) the bad debt provision is to be maintained at 5% of debts 5. Enterprise Print propose to pay a dividend of 10,000. The tax for the year is 13.250, of which 8,600 was outstanding at 31 December 2021 7. The rent is paid yearly in advance on 1 February 8. On 1 January 2021, there were 100,000 inventories and on 31 December 2021 there were inventories valued 80,000 unsold. Tom decides to review the financial position of the company before making any decisions about future plans, and the company accountant prepare the Trial Balance for 31 December 2021 (see over). Required: 1. Prepare the Income Statement for Enterprise Print for the period ended 31 December 2021 (30 Marks) 2. Prepare the Statement of financial position for the period ended 31 December 2021 (30 marks)