Jamaa Ltd. manufactures Soaps in their plant based in Thika. The following trial balance was extracted...

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Jamaa Ltd. manufactures Soaps in their plant based in Thika. The following trial balance was extracted from the books of the company at 30 April 2023 Stocks at 1 May 2022 Raw materials, at cost Work-in-progress, at factory cost Finished goods Raw materials purchased Sales (12,000 units) Factory wages Factory rent and rates Factory light, heat and power Plant at cost Plant depreciation at 1 May 2022 Works manager's salary Plant repairs Administrative overheads Page 3 of 4 Sh. Sh. 350,000 1,800,000 3,500,000 3,950,000 18,000,000 3,000,000 1,400,000 655,000 6,000,000 2,800,000 245,000 400,000 1,800,000 Selling expenses 400,000 Salary for office workers 1,350,000 Discounts 2,100,000 800,000 Furniture and fittings at cost 550,000 Provision for depreciation 150,000 Share capital 7,500,000 Debtors 3,050,000 Bank balance 1,600,000 Creditors 2,300,000 Carriage inwards 200,000 31,950,000 31,950,000 The following additional information is available: 1. Plant and furniture depreciation is to be provided at 10% and 15% respectively on the cost. 2. Factory light, heat and power accrued amounted to sh. 150,000 whereas sh. 250,000 salary for office workers was prepaid 3. Closing stock as at 30 April 2023 was as follows Raw materials costing Sh. 500, 000 Finished goods sh. 1,650,000 Work-in-progress Sh.2, 300,000 Required: Manufacturing income statement for the year ended 30 April 2023. (15 Marks) Jamaa Ltd. manufactures Soaps in their plant based in Thika. The following trial balance was extracted from the books of the company at 30 April 2023 Stocks at 1 May 2022 Raw materials, at cost Work-in-progress, at factory cost Finished goods Raw materials purchased Sales (12,000 units) Factory wages Factory rent and rates Factory light, heat and power Plant at cost Plant depreciation at 1 May 2022 Works manager's salary Plant repairs Administrative overheads Page 3 of 4 Sh. Sh. 350,000 1,800,000 3,500,000 3,950,000 18,000,000 3,000,000 1,400,000 655,000 6,000,000 2,800,000 245,000 400,000 1,800,000 Selling expenses 400,000 Salary for office workers 1,350,000 Discounts 2,100,000 800,000 Furniture and fittings at cost 550,000 Provision for depreciation 150,000 Share capital 7,500,000 Debtors 3,050,000 Bank balance 1,600,000 Creditors 2,300,000 Carriage inwards 200,000 31,950,000 31,950,000 The following additional information is available: 1. Plant and furniture depreciation is to be provided at 10% and 15% respectively on the cost. 2. Factory light, heat and power accrued amounted to sh. 150,000 whereas sh. 250,000 salary for office workers was prepaid 3. Closing stock as at 30 April 2023 was as follows Raw materials costing Sh. 500, 000 Finished goods sh. 1,650,000 Work-in-progress Sh.2, 300,000 Required: Manufacturing income statement for the year ended 30 April 2023. (15 Marks)