prepare a balance sheet and income statement using the data given.

Nr 1 | 4 5 6 Business Activity Amount, EUR A man sets up a business. He has invested 1000 his own money in a company's share capital He has invested his own auto truck 1200 He has got money from bank (short term 200 credit). Money were transferred to company's account Primary goods were delivered. 60% of Primary goods 220 them were paid at once by money from company's account Primary goods were utilized during Value of utilized production process primary goods=105 Net wages for production workers were 20 calculated Wages were paid 10 Salaries for administrative personnel 15 were calculated and paid Interest for credit was calculated and paid 5 Depreciation of fixed asset was calculated Finished goods were moved from 300 manufacturing department to a stock Finished goods were delivered to Value of finished purchaser. Invoice was made out. goods = 280 Invoice amount=1000 Purchaser has paid for finished goods 500 The invoice for renting the stock was 10 received The invoice for renting the stock was paid 10 7 8 9 10 200 11 12 13 14 15