From the following trial balance and additional information construct an income statement for the year ended 31

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From the following trial balance and additional information construct an income statement for the year ended 31 July 2017 and a balance sheet as at that date.image text in transcribed

Additional information:
1. Inventory as at 31 July 2017 is valued at £19,800.
2. Depreciation is to be provided on cost at the following rates:
a. Property 2%
b. Machinery 20%.
3. Wages still owing as at 31 July 2017 were £2,400.
4. Maintenance prepaid as at 31 July 2017 was £450.
5. The provision for doubtful debts is to be maintained at 4% of debtors.

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