The following Trial Balance relates to the affairs of AUGUSTINE for the year ended 31 st December 2020. (All figures in thousands of shillings) Dr Cr Sh Sh Salaries and

The following Trial Balance relates to the affairs of AUGUSTINE for the year ended 31 st December 2020. (All figures in thousands of shillings) Dr Cr Sh Sh Salaries and wages 4,800 Rent and rates 300 Sales 25,600 Purchases 16,700 Stock 1 January 2020 4,350 Insurance 150 Motor expenses 420 General expenses 280 Premises 25,000 Motor vehicles 2,000 Debtors 4,320 Creditors 3,140 Bank 840 Capital 33,320 Drawings 2,900 62,060 _______ 62,060 The following information was also provided at 31 st December 2020: 1. Stock Sh 4,590 2. Rates prepaid Sh 40 3. General expenses owing Sh 30 4. Insurance prepaid Sh 40. 5. Ignore the depreciation of fixed assets REQUIRED (a) Prepare the income statement for year ended 31 st Dec 2020. (b) Statement of Financial Position as at the same date.