From the account balances in figure 11.33 and balance day adjustments for G Gardiner for 31 December 2022, prepare an 8-column worksheet, an income statement and a balance sheet.

Balance day adjustments for 31 December 2022 are listed below.
a A physical stocktake values inventory at $5713; adjustment of $165 ($150 + $15 GST).
b Establishment of allowance for doubtful debts to 3% of accounts receivable, rounded to the nearest dollar.
c Depreciation of buildings 2.5%, rounded to the nearest dollar.
d Depreciation of machinery and equipment 15% p.a., rounded to the nearest dollar.
e Accrued interest on overdraft $275.
f Accrued two months’ interest on loan mortgage.
g Rent $823 for January next year received in December 2022.
h Prepayment of $1230 for insurance.
i Accrual required for sales salaries $1638.
j Accrual required for office salaries $3300.
k Accrual required for stationery $157.
l Estimated electricity consumed but not paid $100.

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Stationery Sales Salaries Sales Rent Received Office Salaries Machinery and Equipment Land Inventory Interest Insurance GST Receivable GST Payable Account Balances of G Gardiner as at 31 December 2022 Electricity Drawings Donations Cost of Sales Capital Buildings Bank Overdraft Bank Charges Bad Debts Recovered Bad Debts Expense Advertising Accumulated Depreciation - Buildings Accumulated Depreciation - Machinery & Equipment Accounts Receivable Control Accounts Payable Control 15% Loan Mortgage on Land and Buildings 569 18 080 197 366 8 028 27772 43 271 35 000 5863 1963 4740 1825 4930 1885 3893 280 60 085 ??? 46 560 4847 209 1680 288 3 753 9 687 12 750 18 623 6633 10 000