both are the same question

Financial Accounting Sectional one Spring 2023 The following notes are revelent to the preparation of the financial statements for the year ended 30 April 2025 1. Markus too goods which cost $5000 for personaluse during the year, but this has not been recorded 2. It has been determined that trade receivables of $600 are irrecoverable. In addition it was decided that the allowance for receivab should be reduced by $500. 3 Depreciation on plant and machinery is charged at %15 per annum on the reducing balance basis. 4. The loan was taken on August 12022 and interest has not been paid or accrued. 5. Closing inventory had been valued at $17,500 it was subsequently discovered that some items of inventory which had cost $5,000 had a net realisable value of $3,750 6. At 30 Aptil a prepayment for insurance paid in advance of $400 had not yet been accounted for. Incurance is classified as an Administrative expense 7. At 30 Apri 2023 An accrual for frieght and devlivery expenses amounting to $350 had not been accounted for treight and devilery expenses are classified as distribution expenses Required: Prepare a statement of profit or loss of Markus the year ended 30 . April 2023 and a Statement of tinancial position as at 30 April 2023