$\backslash$table$[[,$$$],[$Revenue$,287,000],[$Purchases$,143,800],[$Returns inwards,$3,150],[$Inventory at $1$ April $2015,15,340],[$Capital$,70,000],[$Drawings$,28,000],[$Leasehold premises at cost $(25$ year lease$),100,000],[$Computers at cost$,44,000],[$Office furniture at cost$,15,500],[$Provisions for depreciation:,$7,000],[$Leasehold premises,$16,600],[$Computers$,12,000],[$Office furniture,$26,500],[$Wages and salaries,$12,200],[$Computer maintenance,$4,900],[$Commission receivable,$10,000],[$Rent and rates,$910],[$Provision for doubtful debts,$40,000],[6\%$ Bank loan $($repayable $30$ June $2016),1,500],[$Bank interest paid,$7,300],[$Heat and light,$12,600],[$Advertising$,8,700],[$General expenses,$520],[$Cash and bank,$18,600],[$Trade payables,$27,900],[$Trade receivables,$]]$

Additional information at $31$ March $2016$

Inventory was valued at $$17990.$

Commission receivable of $$1400$ was outstanding.

Advertising included a payment of $$5700$ for a series of advertisements being published in the six months ending $31$ July $2016.$

General expenses accrued were $$2400.$

A computer costing $$8000$ had been recorded in the computer maintenance account.

Depreciation is to be charged on all non$-$current assets owned at the end of the year as follows:

i$.$ an appropriate amount on the leasehold premises

ii$.$ computers at the rate of $25\%$ per annum using the diminishing $($reducing$)$ balance method

iii. office furniture at the rate of $10\%$ per annum using the straight$-$line method.

Trade receivables of $$1900$ are irrecoverable. The provision for doubtful debts is to be maintained at $4\%.$

REQUIRED

$($a$)$ Prepare the income statement of Suria for the year ended $31$ March $2016.$

$($b$)$ Prepare the statement of financial position at $31$ March $2016.$

Pi