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please prepare financial statement

The accountant of Sharon's store prepared a trial balance at at 30 June 2021 as follows. Please prepare the financial statements for the year ended 30 June 2021. Please note that Franklin uses a periodic inventory system, and the value of ending inventory after the year end stock take is $62,000 Sharon's Store Trial Balance as of 30 June 2021 Accounts DR CR Cash at Bank 153,000 Accounts Receivable 38,000 Merchandise Inventory 20,000 Accounts Payable Sharon, Capital 75,000 170,000 Sharon, Drawings 2,000 Sales Revenue 100,000 Sales Returns and allowances 3,000 Sales Discount (Discount allowed) 1,500 Purchase 118,000 Purchase Return and Allowances 5,000 Purchase Discount (Discount received) 1,000 Freight-In 2,500 Rent! Screenshot 5,000 Please prepare the financial statements for the year ended 30 June 2021. of Please note that Franklin uses a periodic inventory system, and the value of ending inventory after the year end stock take is $62,000 Sharon's Store Trial Balance as of 30 June 2021 Accounts DR CR Cash at Bank 153,000 Accounts Receivable 38,000 20,000 Merchandise Inventory Accounts Payable 75,000 Sharon, Capital 170,000 Sharon, Drawings 2,000 Sales Revenue 100,000 Sales Returns and allowances 3,000 Sales Discount (Discount allowed) 1,500 Purchase 118,000 Purchase Return and Allowances 5,000 1,000 Purchase Discount (Discount received) Freight-In 2,500 Rent Expense 5,000 6,000 Wages Expense i Itilities Expense Screenshot Total 2,000 351,000 351,000

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