do & Footer Tent Question 3 (6 marks) Olga's Pet Cleaning business commenced operations on 1 January 2004. The cash receipts and cash payments of the business for the first year of operations were as follows Cash receipts: Cash payments Collections from customers $23,000 Wages $8,000 Cleaning supplies 3.500 Rent 6.200 Drawings by owner 5.000 Advertising 1.300 Insurance 1.200 1 Additional information Al 31 December 2004, S1,000 is owing to the business for deaning services that were provided to customers during 2004 At 31 December 2004 S500 of wages are owing to an employee for work done during 2004 At 31 December 2004, $400 of cleaning supplies are on hand. Al 31 December 2004, S400 of rent has been paid in advance for January 2005. Required Prepare a statement of financial performance (profit and loss statement) on an accrual basis for 2004