Mr. Emeka Nwosu commenced business as a sole trader on 1 April 2023, trading under the name 'Nwosu Hardware Supplies' in Onitsha, Anambra State. He invested N500,000 cash as his initial capital. The following transactions occurred during the year ended 31 March 2024: (i) Purchased a delivery van for N280,000 cash. (ii) Purchased shop fittings for N120,000 cash. (iii) Purchased goods for resale: N950,000 on credit and N85,000 for cash. (iv) Returned goods to suppliers worth N23,000. (v) Sales on credit: N1,380,000; Cash sales: N245,000. (vi) Customers returned goods with a selling price of N32,000 (cost N20,000). (vii) Cash collected from credit customers: N1,195,000. (viii) Cash paid to credit suppliers: N820,000. (ix) Rent paid: N96,000 (covering 15 months from 1 April 2023). (x) Salaries paid: N180,000. (xi) Electricity bills paid: N24,500. (xii) General expenses paid: N18,700. (xiii) Mr. Nwosu withdrew N120,000 for personal use. (xiv) A credit customer who owed N14,000 has been declared bankrupt; the debt is to be written off. (xv) At 31 March 2024, closing inventory was N175,000. Depreciation policy: - Delivery van: 20% per annum on cost, straight-line. - Shop fittings: 10% per annum on cost, straight-line. Required: (a) Prepare the Cash Book (Bank Account) of Mr. Emeka Nwosu for the year ended 31 March 2024, showing the closing cash balance. (6 marks) (b) Prepare the Statement of Profit or Loss for the year ended 31 March 2024. (10 marks) (c) Prepare the Statement of Financial Position as at 31 March 2024. (9 marks) Total: 25 marks