From the extract 8-column worksheet of Jenny McLaughlin, shown in figure 11.30, enter the abbreviation for the account or statement and group in the columns on the right of the statement and then prepare the income statement and balance sheet in the correct format, where periodic inventory applies.

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Account Petty Cash Accounts Receivable Control Allowance for Doubtful Debts Inventory (1 July 2021] GST Receivable Extract 8-column Worksheet of Jenny McLaughlin for the year ended 30 June 2022 Profit & Loss Land and Buildings Motor Vehicles Accum Deprec- Motor Vehicles Bank Overdraft Accounts Payable Control GST Payable Loan Mortgage on Land & Bldgs Capital Drawings Sales Rent Received Net Profit Purchases Salaries Insurance Interest Bad Debts Expense Discount Allowed Inventory [30 June 2022] Profit and Loss Inventory) Doubtful Debts Expense Depreciation - Motor Vehicles Expense Accrued Expense Prepaid Revenue Receive in Advance 6337 32 910 25 806 2330 5 085 1048 2114 250 1800 77 680 12 239 89 919 77 337 4600 7982 89 919 89 919 Balance Sheet 250 25 410 1048 68 000 29 800 1800 7982 3800 138 090 138 090 1 000 8 480 13 360 14 311 2 288 38 000 43 996 3849 567 125 851 12 239 138 090 A/c Stmt & Group