Question 5 (37 marks) T. and T, a sole trader, extracted the following trial balance from his books at the close of business on 31 Jamuary 2017 Dr 350 000 5 000 100 000 Cr 400 000 6 200 Purchases and Sales Sales Returns and Purchases Returns Opening Stock 01.01.2017 Provision for bad debts Wages and salaries Rates Telephone Fumiture and Fittings cost Accumulated Depreciation- Furniture and Fittings Motor Vehicle - Cost Accummulated Depreciation Motor Vehicle Debtors and Creditors Bad Debts Capital 800 30 000 6 000 1 000 44 000 4 000 36 000 6 000 9 800 200179 000 3 000 18 000 603 000 Bank Drawings 603 000 TOTAL i) Closing inventory at 31 January 2017 was NS 120 000 Required: Prepare statement of comprehensive income and statement of financial position as at 31 January 2017 GOOD LUCK!! Page 9 of 9