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Ihe original trial balance for Momo Company at the end of its fiscal year are presented below: \begin{tabular}{|l|r|c|} \hline Name of account & \multicolumn{1}{|l|}{ Dr } & Cr \\ \hline Stationery & 1,000 & \\ \hline Sales Returns (In) & 3,443 & \\ \hline Sales & & 78,667 \\ \hline Salaries \& Wages & 24,229 & \\ \hline Accumulated Dep'n - Fixtures \& fittings & & 5,250 \\ \hline Rent \& Rates & 2,400 & \\ \hline Purchases & 38,899 & \\ \hline Purchase Returns (Out) & & 1,737 \\ \hline Opening Inventories & 9,854 & \\ \hline Accumulated Depreciation - Vehicles & 3,200 & \\ \hline Insurance & 3,452 & \\ \hline Heating \& Lighting & & 3,333 \\ \hline Discounts Received & 250 & \\ \hline Cash & & \\ \hline \end{tabular} The following additional information as at 31 December 2021 is available: (a) Closing inventory were valued at 6,783 (b) F\&F are to be depreciated at 15% of Cost (c) Vehicles are to be depreciated at 25% of Carrying Amount. (d) Telephone has to be accrued for the last two months of the year, the value in the TB is for the first ten months of the year (e) We prepaid insurance by 1000, which has been included in the TB value Required: 1. Journalize the adjustments 2. Prepare Momo Company's Statement of Profit or Loss for the year ended December 2022 and Statement of Financial Position as at that date

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