Use the trial balance provided below to answer the Question. Note that the accounts in the trial balance appear in no particular order. Next Generation Ltd Trial balance on 31 December 2019 Credit Debit E 570,000 Share capital Property, plant, and equipment 2,100,000 195,000 Bank Revenue 480,000 35,000 225,000 110,000 28,000 12,000 8,000 24,000 Rental income Cost of sales Salaries and wages Insurance Fuel Telephone line charges Interest income Interest expense Inventory Accounts receivable Accounts payable Tax expense Petty cash Long-term loan Short-term loan 71,000 165,000 43,000 182,000 17,000 2,000 270,000 15,000 1,400,000 2,976,000 Mortgage TOTAL 2,976,000 Using the information included in the trial balance provided, complete the income statement for Next Generation Ltd for the year ending 31 December 2019. Next Generation Ltd Income statement for the year ended 31 December 2019 Gross profit Other income Selling, administrative, and general expenses Operating profit Profit before tax Net profit Using the information included in the trial balance provided, complete the statement of financial position for Next Generation Ltd as at 31 December 2019. Assume that the business is keeping the net profit earned during the year as retained earnings, instead of paying it out to the shareholders. Statement of financial position of Next Generation Ltd as at 31 December 2019 Non-current assets Current assets TOTAL ASSETS Non-current liabilities Current liabilities Owner's equity TOTAL EQUITY AND LIABILITIES