Note : Please use the Trial Blance for Al-zain Shop to answer the question

Al-Zain Shop Trial Balance 314 December 2020 Account Debit Credit Bank Cash 75,000 Sale 87,500 Supplies 5,000 Account payable 3,700 Building 250,000 Intangible asset 10,000 Land 35,000 Prepaid bills expense 800 Account Receivable 55,000 Debenture 7,500 Bond payable 18,330 Owner Drawing 5,500 Cost of Goods Sold 12,600 Service revenue 17,500 Salary payable 19,700 Capital 281,000 Utility expenses 6,330 Wages expenses 5,000 Dividend Ravenue 25,000 460.230 280, 280 Q1. From the given trial balance of Al-Zain Shop, prepare a. Income statement for the year 2021 b. Balance sheet for 31st December 2021