The following trial balance was extracted from the books of Robert Kiyosaki Books Shop at the close

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Question:

The following trial balance was extracted from the books of Robert Kiyosaki Books Shop at the close of business on the 28 February 2017.
Dr Cr
Purchases and Sales 550,280 820,500
Cash at Bank 1,500,000
Cash in hand 50,000
Capital account 1 March 2016 1,470,080
Drawings 12,000
Office Furniture 25,000
Accumulated depreciation – Office Furniture 1,800
Returns inwards and outwards 19,000 12,000
Rent 30,000
Wages and Salaries 55,800
Discounts 8,000 20,000
Debtors and Creditors 40,000 18,000
Inventory 1 March 2016 23,000
Provision for bad and doubtful debts 1 March 2016 6,000
Delivery van 32,000
Accumulated depreciation – Delivery van 6,500
Van running costs 8,000
Bad debts written off 1,800
2,354,880.00 2,354,880.00
Additions notes:
a). Inventory 28 February 2017 N$33 510
b). Wages and Salaries accrued at 28 February 2017 N$9 000
c). Rent prepaid at 28 February 2017 N$6 000
d). Van running costs owing at 28 February 2017 N$6 000
e). Increase the provision for bad and doubtful debts by N$1,600.
f). Bank balance was N$3,400 less.
g). Provide for depreciation as follows: Office Furniture N$1 500; Delivery van N$4 800.
Required:
2.1 Prepare the Statement of Comprehensive Income, and the (15)
2.2 Statement of Financial Position for the year ended 31 December 2017. (20rn