can u please answer this urgently. thank uou

Section A-Compulsory question: (10 Marks) Section A: Answer ALl Questions in this section. Each question is worth 20 marks Question 1 Ashcroft drew up the following trial balance as at 31 December 2018. ar. $ 30,000 26,400 3,000 980 1,825 Title of Accounts Capital Drawings Cash at Bank Accounts Recelvable Accounts Payable Carrlage Inwards Wages and salarles Motor Expenses Rent Telephone charges Insurance Office expenses 2,050 41,300 1,870 9,600 450 1,540 870 1,300 Sundry expenses 8.600 Office Eauloment Focus Vlnited States 30,000 26,400 3,000 980 1,825 2,050 41,300 1,870 9,600 Capital Drawings Cash at Bank Accounts Receivable Accounts Payable Carriage Inwards Wages and salaries Motor Expenses Rent Telephone charges Insurance Office expenses Sundry expenses Office Equipment Van Inventory: 31 December 2017 Purchases Sales 450 1,540 870 1,300 8,600 7,300 76,300 312,000 464,675 Returns Inwards 1,800 810 850 Carriage Outwards Cash In Hand Returns. Outwards 520 497,020 497,020 Inventory at 31" December 2018 was $91,200. 1. Draft the statement of profit or loss for the year ended 31st December 2018 (4.5 marks) 2. Draft a statement of financial position (balance sheet) as at the same date. (5.5 martes)