Bush, Home and Wilson share profits and losses in the ratios 4:1:3 respectively. Their trial balance as at 30 April 20X4 was as follows:

Draw up a set of financial statements for the year ended 30 April 20X4. The following notes are relevant at 30 April 20X4:

(i) Stock 30 April 20X4, £74,223.

(ii) Business rates in advance £200; Stock of postage stamps £68.

(iii) Increase provision for doubtful debts to £1,400.

(iv) Salaries: Home £18,000; Wilson £14,000. Not yet recorded.

(v) Interest on Drawings: Bush £300; Home £200; Wilson £240.

(vi) Interest on Capitals at 8 per cent.

(vii) Depreciate Computers £2,800; Office equipment £1,100.

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Sales Returns inwards Purchases Carriage inwards Stock 30 April 20X3 Discounts allowed Salaries and wages Bad debts Provision for doubtful debts 30 April 20X3 General expenses Business rates Postage Computers at cost Office equipment at cost Provisions for depreciation at 30 April 20X3: Dr £ 10,200 196,239 3,100 68,127 190 54,117 1,620 1,017 2,900 845 8,400 5,700 Cr £ 334,618 950