You are required to prepare an income statement and balance sheet for the year ended 30 June 2022 from the account list and adjustments for L Eucumbene, a builder, shown in figure 12.43. The account, statement and classification abbreviations should be entered.

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Account Balances for L Eucumbene as at 30 June 2022 Accounts Receivable Control Allowance for Doubtful Debts Inventory - Timber and Frames Inventory - Other Building Supplies Expense Prepaid linsurancel Plant and Equipment Accumulated Depreciation - Plant and Equipment Motor Vehicles Accumulated Depreciation - Motor Vehicle GST Receivable Bank Overdraft Accounts Payable Control Expense Accrued (Salary- Builders and Apprentices) Expense Accrued (Salary-Office) GST Payable Capital Drawings Income - Renovations and Extensions Income - New Construction Purchases of Timber and Frames Purchases of Other Building Supplies Advertising Salary- Builders and Apprentices Hire of Equipment Subcontractor Expenses Discount Received Salary- Office Insurance Electricity Telephone Stationery Interest on Overdraft Bad Debts Expense 149 800 1 696 12 284 9160 2460 30 392 10 636 142 732 64 228 11 400 14 340 24 188 1 600 440 12 800 156 680 5936 691 264 172 816 195 472 107 340 10 908 260 740 11 512 93 420 2928 77 432 10 616 6208 3976 980 2100 8 748