Gulf Office Supplies has started a business. During the Month to 30st June 2022 the following transactions occur: 1) Introduced £10,000 Capital into the business. 2) Bought goods for £3,500. 3) Sold goods on credit for £2,200 to Gulf PetroChem. 4) Paid wages of £400. 5) Received a £9,000 cash loan from the bank. 6) Bought goods on credit for £5,000 From MegaSupplies 7) Sold goods for £3,500 cash. 8) Bought a delivery van for use in the business costing £5,000. 9) Bought Stationary for £20. 10) Received and paid an electricity bill for £500. 11) Sold goods for £800 on credit to Palm Estates. 12) Paid a supplier £1,800. 13) Received £900 from Gulf PetroChem 14) Repaired the delivery van costing £60. 15) Bought a fork lift truck on credit for £3,500. Required: a) Show the nominal ledger entries (using T-accounts) for the above transactions Close off each T-account and prepare an initial trial balance as at 30th June b) Produce a Statement of Profit or Loss for year ended 30th June 2022 and a Statement of Financial Position as at 30th June 2022 Note: Note: Closing inventory was £5,000 for Gulf Office Supplies