Good day?

Can you please help prepare for me the following (Income statement and Statement of Financial Position) . Please draw or put the details in tables for each. I did provide the details for each

1. Income statement for year ended 31 dec 2021

Particulars Amount

Revenue 1246455

Less Cost of goods sold:

Opening stock 42210

+Purchases 319788

-closing Stock 22050 339948

Gross Profit 906507

Less Expenses

Salaries 113400

+accrue 6300 119700

Rent 44100

Advertising 15750

-advance 2205 13545

Dep on Machinery

(10% on 567000) 56700

Motor vehicle exp 37800

Dep on Fixture

(10% on 252000) 25200

Discount allowed 31500 328545

577962

+ Discount Received 32130

Net income 610092

2. Statement of Financial Position on 31 Dec 2021

Assets Amount

Current Asset

Cash 37800

Advance advertising exp 2205

Closing Inventory 22050 62055

Non-Current Asset

Machinery 567000

less dep 56700 510300

Fixture 252000

less dep 25200 226800 737100

Total 799155

Liabilities

Capital 434763

less drawings 252000

+net income 610092 792855

Accrue Salaries 6300

Total 799155