Question 1 (15 marks) The financial statement balances presented below are for George Town Inn for the end of the financial year, 31 December 2021. Cash Accounts Receivable Prepaid Insurance Office Supplies Building Accumulated Depreciation-Building Accounts Payable Salaries Payable Unearned Service Revenue Service revenue Clinton, Capital Clinton, Withdrawals Service Revenue Salary Expense Supplies Expense Depreciation Expense-Building Advertising Expense Interest receipts $ 12,100 14, 300 2,300 1,100 411,000 312,500 1,950 2,400 15,600 114,740 2,860 15,600 2,700 8,300 830 2,000 Some of the accounts in the above table have been left blank as they are adjusted at year end, 31 December 2021 as follows: Prepaid insurance expense is $1600. Office Supplies used during the month is $500. Depreciation for the month is $1,600. Accrued salary expense is $ 1,200. Unearned service revenue balance is $1,400. Required: a) Prepare a Statement of financial performance for George Town Inn at 31 December 2021. (6 marks) b) Prepare the Statement of Owner's Equity and the Statement of Financial Position for George Town Inn at 31 December 2021. (6 marks) c) What basis of accounting was used by George Town Inn and does it provide a more complete information of the business's financial performance and position. Provide your reason(s). (3 marks)