Melanie McMillan of Memory Makers in Moorebank has provided the following full list of her business accounts with balances as at 30 June 2023, in alphabetical order.

Name of Account	Account Balance
Accounts Payable	$ 11,840
Accounts Receivable	$ 11,528
Accumulated Depreciation - (MV)	$13,104
Capital - M. McMillan	$ 42,400
Cash	$ 57,920
Cost of Sales	$104,208
Depreciation Expense (MV)	$ 6,552
Drawings - M. McMillan	$12,376
Electricity expense	$ 1,456
Inventory	$ 5,720
Insurance expense	$1,624
Loan payable (2025)	$15,600
Motor Vehicle (MV)	$ 42,800
Motor Vehicle expenses	$ 9,180
Prepaid Insurance	$ 1,640
Revenue received in advance	$ 1,780
Sales Revenue	$173,680
Website expenses	$ 3,400

Step 2: Complete the following tasks:

• Prepare a Statement of Profit or Loss for Memory Makers
• Prepare a Balance Sheet in narrative format for Memory Makers