The balance sheet and income statement of Reconstruction Limited are reproduced below.

1. How much cash was paid for insurance during the year?
2. How much cash was paid for electricity during the year?
3. How much cash was paid for interest during the year?
4. How much cash was paid for income tax during the year?
5. The last monthly rent payment was made on 15 December 2016. Monthly rent is $2000 per month. How much rent is owing as at the end of the year?
6. Reconstruction Limited depreciates the motor vehicle (the company owns one vehicle) using straight-line depreciation with no residual value. On what date was the motor vehicle purchased?

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Assets Cash Accounts receivable Prepaid insurance Equipment less Accumulated depreciation Motor vehicle less Accumulated depreciation Total assets Liabilities Accounts payable Wages payable Interest payable Income tax payable Long-term loan Total liabilities Net assets Shareholders' equity RECONSTRUCTION LIMITED BALANCE SHEET Share capital Retained profits Total shareholders' equity 31/12/2016 40000 3000 90000 (31000) 25 000 (10000) 117000 500 6000 2 500 50 000 59 000 $ 58000 39 000 19000 $ 58 000 31/12/2015 $ 5000 27 000 2000 90000 (22 000) 25 000 (5000) 122 000 1000 4000 3000 2000 50 000 60 000 $ 62000 39 000 23 000 $ 62000