K.D. Green has a shop selling carpets. He has been so busy that he has not had time to keep proper financial records, but he is able to provide the following information for the year ended 30 June 2014.

List of other balances at 1 July 2013 and 30 June 2014:

a. Calculate the sales for the year ended 30 June 2014.

b. Calculate the purchases for the year ended 30 June 2014.

c. Calculate the amount to be included in the income statement for the year for rent and advertising costs.

d. Prepare an income statement for the year ended 30 June 2014 and a statement of financial position at that date.

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Dr Summarised bank account Cr $ $ 2 300 July 1 Opening balance Trade 32 400 payables Trade 48 100 Rent 6 000 receivables Loan 5 000 Loan 500 repayment Advertising 2 000 costs Purchase 6 000 of new vehicle Drawings 8 300 June 30 Closing balance c/d 200 55 400 55 400 July 1 Balance 200 b/d