From the extract 8-column worksheet shown in figure 11.32 for John Spalding, enter the abbreviation for the account or statement and group in the columns on the right of the statements and then prepare a properly formatted income statement and balance sheet.

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Account Accounts Payable Control Accounts Receivable Control Accum Deprec-Motor Vehicles Accum Deprec-Office Equipment Advertising Bad Debts Expense Bank Capital Discount Received Dividend Received Drawings Freight Inwards Freight Outwards GST Receivable GST Payable Investment in Shares Insurance Inventory (1 July 2021) Motor Vehicles Motor Vehicle Expense Office Equipment Allowance for Doubtful Debts Purchases Rent Salaries Sales Sales Travelling Expense Shares in Public Company Telephone Inventory [30 June 2022] Extract 8-column Worksheet of John Spalding for the year ended 30 June 2022 Profit & Loss Profit and Loss [Inventory] Doubtful Debts Expense Depreciation - Motor Vehicles Depreciation- Office Equipment Expense Accrued Expense Prepaid Net Profit 1257 2017 3 256 5076 1248 3364 3 186 47 993 10343 20 843 2 100 1 037 200 8465 4217 114 602 5 798 120 400 110 487 117 531 2272 120 400 120 400 Balance Sheet 4840 2446 365 1487 14 500 56 117 42 402 10 766 2272 1396 136 591 136 591 3476 30 706 25 274 66 914 2898 450 1 075 130 793 5 798 136 591 A/c Stmt & Group