pls answer ASAP The following trial balance was extracted from the books of "Amara"...
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The following trial balance was extracted from the books of "Amara" Business at 31 Dec 2021. You are given the following additional information: (a) Rent is accrued by $210. (b) Rates have been prepaid by S880. (c) 52,211 of carrizge represent carrizge inwards on purchases. (d) Equipment is to be depreciated at 15% per annum using the straight line method. (c) The allowance for bad debts to be increased by 540 . (f) Inventory at the close of the busincss has becn valued at $13,551. REQUIRED: (a) Prepare a statement of profit or loss for the year ended 31 Dec 2021, together with a statement of financial position as at that date. (b) Interpret these two financial statements with your own perception. (c) Since you are financial manager of Amara Corporation, you need to explain why the company obtain net profit or net loss
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