thal Uall. e from his books at the close 22.10A J. Wright, a sole trader, extracted the following trial balance from his bo of business on 31 March 2019: Dr 61,420 7,940 127,245 23,930 2,490 Purchases and sales Inventory 1 April 2018 Capital 1 April 2018 Bank overdraft Cash Discounts Returns inwards Returns outwards 140 2,480 3,486 Carriage outwards Rent and insurance Allowance for doubtful debts 3,210 Fixtures and fittings at cost 8,870 Van at cost 1,900 Fixtures and fittings: accumulated depreciation at 1.4.18 5,600 Van: accumulated depreciation at 1.4.18 570 Accounts receivable and accounts payable 700 Drawings 12,418 11,400 21,400 Wages and salaries 39,200 General office expenses 319 168,383 168,383 Notes: (a) Inventory 31 March 2019 6,805. (b) Wages and salaries accrued at 31 March 2019 3,500; Office expenses owing 16. (c) Rent prepaid 31 March 2019 600. (d) Increase the allowance for doubtful debts by 110 to 740. (e) Provide for depreciation as follows: Fixtures and fittings 190; Van 1,400. Required: Prepare the income statement for the year ending 31 March 2019 together with a balance sheet as at that date. bir business