The following data relate to the year-end balances for the business of J Holloway. From this data
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The following data relate to the year-end balances for the business of J Holloway. From this data construct the income statement for the year ended 31 December 2015.
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Sales Purchases Opening inventory Closing inventory Carriage inwards Rent Insurance Wages and salaries Heating and lighting 100,000 68,000 5,400 7,250 460 7,000 2,100 18,500 870
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