Please help me solve this question and please write this very clearly in a piece of paper, thanks.

1,500 Kim Soo offers tutoring services to first year university students. Kim has established a sole proprietorship business named KSHelp. The following information relates to the business activities for the end of the financial year 30 June 2020: Account: $ Accounts payable 800 Accounts receivable Accumulated depreciation - computer equipment 4,950 Accumulated depreciation - Motor vehicle 8,250 Advertising expense 510 Capital at beginning 14,500 Cash at bank 8,445 Computer equipment 8,250 Depreciation expense - computer equipment 1,650 Depreciation expense - Motor vehicle 2,750 Drawings 2,520 Loan 7,500 Motor vehicle 16,750 Motor vehicle expense 330 Office supplies 1,500 Office supplies used 840 Telephone charges 255 Tutoring fees earned 9,750 Required: a) Prepare a Statement of Profit or Loss at 30 June 2020. b) Explain the differing purpose and role of the Statement of Profit or Loss compared to a Statement of Financial Position and how the information contained in each might be useful to Kim Soo