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do in excel QUESTION QUESTION 10 Marks Ms Indy opened uChampion Painters (UCP) on...

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QUESTION QUESTION 10 Marks Ms Indy opened uChampion Painters (UCP) on 1 June 2021. On 31 May 2022, records show the following accounts: $'000 Accounts receivable 167 Repairs expense 102 Painting supplies used 156 Painting revenue 1229 Long term loan 500 Ms Indy, drawings 220 Building 600 Ms Indy Capital 900 176 Salaries expense Vehicle 681 Painting supplies 70 Equipment (painting) 210 Accountant fees expense 58 Cash at bank 98 199 Advertising expense Accounts payable 108 Required: Prepare an income statement for uChampion Painters (UCP) for the year ended 31 May 2022. Prepare a balance sheet as at 31 May 2022. ab

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