Elsa’s financial year ends on 31 March. She depreciates her office equipment at 20% per annum on cost. Depreciation is calculated from the date of purchase.

On 1 April the balances in Elsa’s books included the following:
                                                                                                         $
Office equipment ...............................................................   2,500
Provision for depreciation of office equipment ...............    750

She purchased additional office equipment by cheque on the following dates:
                                                                                                         $
31 August 20–4 ...................................................................   1,200
1 December 20–4 ...........................................................          900

a. Write up the office equipment account and the provision for depreciation of office equipment account for the year ended 31 March 20–5. Balance the accounts and bring down the balances on 1 April 20–5.
b. Prepare a relevant extract from Elsa’s income statement for the year ended 31 March 20–5.
c. Prepare a relevant extract from Elsa’s statement of financial position at 31 March 20–5.