In Top-shop plc, a trading company, the following transactions have occurred during January: 1st Make $500 short-term loan from the bank (@6% a year) Interest normally pays at the end of each month 3rd Purchase goods @$230 on credit from supplier N, terms FOB shipping point (transportation cost cash paid @$40) 4th Sale goods @$175 on credit (originally @$80) th Due to a deterioration of goods’ quality, supplier N reduces 2% for the value of purchased goods in transaction 9th Purchase goods @$420 on credit from supplier N, terms FOB destination (transportation cost cash paid @$60) 14th Sale goods @$250 on credit (originally @$195) 20th Make $100 payment from bank account to supplier N 24th Sign insurance contract (3-month length @$120/per month) for inventories Cash pay in advance 30th Sale goods @$500 (originally @$390), 50% of this amount received by cash Additional information: Beginning balances (1st Jan): Cash $1,500 Bank account $1,100 Trade receivable $150 Inventories $1,200 Machine $2,400 (depreciation expense @$100 per month) Accumulated depreciation $400 Requirement: Prepare TB and worksheet for the month Prepare PL for the month Prepare BS for the month