From the extract 8-column worksheet shown in figure 11.31 for Maureen Payne, enter the abbreviation for the account or statement and group in the columns on the right of the statements and then prepare an appropriately classified income statement and balance sheet.

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Account Bank Petty Cash Accounts Receivable Control Inventory GST Receivable Premises Machinery Accum Deprec-Machinery Extract 8-column Worksheet of Maureen Payne for the year ended 30 June 2022 Profit & Loss Investment in Debentures Accounts Payable Control Cost of Sales Advertising Salaries GST Payable Loan Mortgage on Premises Capital Drawings Sales Interest Received Net Profit Bad Debts Expense Interest on Loan Mortgage Doubtful Debts Expense Allowance for Doubtful Debts Depreciation - Machinery Revenue Accrued Expense Accrued Expense Prepaid 100 150 4 315 57 000 1260 5865 565 7 073 176 228 19 215 195443 192 343 3 100 195 443 195 443 Balance Sheet 10 796 100 28 171 17 940 2410 95 000 36 750 18.000 2050 780 3 950 215 947 215 947 25 795 10 219 4 119 35 000 117 634 565 3400 196 732 19215 215 947 A/c Stmt & Group