2. Babariga is a trader who does not keep proper books of account. He has however provided you with the following information: a. He paid $10,000 in bank account as his initial capital b. He banked all sales after withdrawing cash for the following: Personal use Staff Salaries and wages 350,000 per week $500,000 monthly 11,140,000 monthly General expenses Lodgements made into the Bank amounted to450,000,000 Withdrawals from the bank were: Rent Insurance Transport expenses Payment to suppliers Purchase of motorcar Purchase of computers Telephone expenses 13,000,000 10,000,000 6,750,000 245,000,000 63,500,000 18,000,000 8,698,000 The following balance was also available as at 30September 2016: Trade Payables Inventories Bad debts Trade receivables Rent prepaid Payables for insurance $134,000,000 $42,000,000 4,420,000 25,000,000 2,800,000 2,150,000 Depreciation is to be provided on the cost of all non-current assets at the rate of 20%. You are required to prepare the Statement of profit or loss for the year ended 30 September 2016