The following trial balance was extracted from the books of J Churchard at the close of business on 31 July 2005.

Additional information:
1 Inventory 31 July 2005 £7,230 2 Office expenses owing at 31 July 2005 £510 3 Rent accrued at 31 July 2005 £230 4 Wages paid in advance 31 July 2005 £995.
Construct a statement of comprehensive income for the year ended 31 July 2005 and a statement of financial position at that date.

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Inventory at 1 Aug 2004 Sales Purchases Office expenses Rent Wages Premises Equipment Trade receivables Trade payables Bank Capital Drawings 6,105 30,010 3,980 1,750 11,325 26,500 4,990 2,655 1,074 5,460 93,849 56,193 3,156 34,500 93,849