You are required to prepare a balance sheet for S T David as at 30 April 2022 using the data provided. You will need to calculate the profit – that is the revenue less expense – the owner’s equity and the capital value.

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Account Accounts Payable Bank Computers Inventory Motor Vehicles Rent Sales $ Account 330 Accounts Receivable 1500 Capital 8800 Cost of Sales 880 22 000 Bank Loan [repayable at year end] Office Furniture 1 100 Salaries 11 000 Vehicle Expense $ 3 300 ?? 3 300 4 000 6600 2 000 550