Question $1(25$ marks$)$ Owame runs a small business in Dutlwe. She has prepared a trial balance using balances extracted from her business general ledger as below. Owame$$s Trial balance as at $31$ December $2024$ Debit Credit Discount Allowed $510$ Discount Received $606$ Carriage Inwards $409$ Carriage Outwards $318$ Return Inwards $1,484$ Return Outwards $910$ Sales $123,520$ Purchases $85,290$ Inventory $1$ Jan $202431,816$ Motor expenses $7,917$ Repairs to premises $1,483$ Salaries $26,000$ Sundry expenses $2,807$ Rates and insurance $1,996$ Premises at cost $50,000$ Motor Vehicle at cost $12,160$ Provision for depreciation motors as at $1$ Jan $20244,860$ Receivables $37,640$ Payables $40,320$ Cash at bank $25,350$ Cash in hand $5,000$ Drawings $7,736$ Capital $70,000$ Loan from ABSA $60,000$ Bad Debts $2,300300,216300,216$ Required a$.$ Prepare the statement of profit or loss the year ended $31$ December $2024.(13$ marks$)$ b$.$ The statement of financial position Balance as at $31$ December $2024.(12$ marks$)$ Question $2(25$ marks$)$ Thabang had the following transactions in Jan $202$