QUESTION 2: Financial Statement (18 marks) Ms Daphne Blake is the sole proprietor of Sunset:', a beach shade sale and hire business specialising in beach tents. She is also a good friend of Fred Jones and often refers customers who are holidaying in the area to the Shore Read. The following Trial Balance for Sunsetz" has been prepared at year end by Ms Blake who likes to keep a hand in the bookkeeping side of the business. SUNSETZ - TRIAL BALANCE AS AT 30 JUNE 2020 Debit (s) Credit (5) Shop Future is 2000 Sales Rens & Accessible Office Elity Rece 2916 14 Accued Dec Shop Office Tuple. Darwings 40 TDI Coin Bar | Advertising Payale Impe Shop Electricity Expo 454 Pardon Thurstar rulalara 136 Tup. Cal Depreciation Shop Fumi Inimestre Sale 11330 Freigelands 2254 Hire Fees Shoppe 30 Ndvertising Acest Payable 0 Discus Allowed Inimestyle lavy 1 May 2009 16 LP 2 Prepaid Adve Allowance for Detroit Fuel - De Van Tech (Continued next page) QUESTION 2: Financial Statement cont.) Additional Information: The loan is payable in equal amounts over 48 months A physical stocktake of inventory at 30th June 2020 revealed 546 750 on hand. Insurance was paid to cover the office equipment The Salaries expense covered Shop Salaries and Office Salaries S22 640 and $10 640 respectively. REQUIRED: Prepare a fully classified Income Statement using the Trial Balance provided for the period in question. Please answer directly below. QUESTION 2: Financial Statement (18 marks) Ms Daphne Blake is the sole proprietor of Sunset:', a beach shade sale and hire business specialising in beach tents. She is also a good friend of Fred Jones and often refers customers who are holidaying in the area to the Shore Read. The following Trial Balance for Sunsetz" has been prepared at year end by Ms Blake who likes to keep a hand in the bookkeeping side of the business. SUNSETZ - TRIAL BALANCE AS AT 30 JUNE 2020 Debit (s) Credit (5) Shop Future is 2000 Sales Rens & Accessible Office Elity Rece 2916 14 Accued Dec Shop Office Tuple. Darwings 40 TDI Coin Bar | Advertising Payale Impe Shop Electricity Expo 454 Pardon Thurstar rulalara 136 Tup. Cal Depreciation Shop Fumi Inimestre Sale 11330 Freigelands 2254 Hire Fees Shoppe 30 Ndvertising Acest Payable 0 Discus Allowed Inimestyle lavy 1 May 2009 16 LP 2 Prepaid Adve Allowance for Detroit Fuel - De Van Tech (Continued next page) QUESTION 2: Financial Statement cont.) Additional Information: The loan is payable in equal amounts over 48 months A physical stocktake of inventory at 30th June 2020 revealed 546 750 on hand. Insurance was paid to cover the office equipment The Salaries expense covered Shop Salaries and Office Salaries S22 640 and $10 640 respectively. REQUIRED: Prepare a fully classified Income Statement using the Trial Balance provided for the period in question. Please answer directly below