step by step solution please

6. The following information was extracted from the accounting records of Jackson Engineering Limited on 30 April 2015. Using this information, prepare: a) the Income Statement for the year ending 30 April 2015 b) the Balance Sheet for the year ending 30 April 2015 Sales 18,614 Purchases 11,570 3,776 Inventory 1 May 2014 Salaries and wages 2,447 Motor expenses 664 Rent 576 1,202 3,400 600 Sundry expenses Motor vehicles Equipment Accounts receivable Accounts payable Cash at bank 4,577 3,045 3,876 Cash in hand 120 Capital 11,149 32,808 32,808 Note: Closing inventory amounted to 4,000. Jackson Engineering Ltd Income Statement for the year ending 30 April 2015 Sales XXXX Less Cost of goods sold Opening inventory Add Purchases Less Closing inventory XXXX XXXX (xxxx) XXXX Gross Profit XXXX Less Expenses Salaries Motor expenses Rent Sundry expenses XXXX XXXX XXXX XXXX (xxxx) Operating profit XXXX Balance Sheet at 30 April 2015 Non-current assets Equipment Motor vehicles XXXX XXXX XXXX Current assets Inventory Accounts receivable Cash at bank Cash in hand XXXX XXXX XXXX XXXX XXXX Less Current liabilities Accounts payable XXXX XXXX Net Assets XXXX Capital account Opening capital balance Add Operating profit XXXX XXXX Capital XXXX