This is the only Information that i have (given by teacher)

Q.No.1 Following balances are extracted from Successful Consulting Company. (Marks 15) Capital Accounts Payables Sales Goodwill Plant & Machinery Rent Received Purchase Return Bad Debts reserve Advertisement Legal charges Inventory Discount Allowed Tools 15,000 20.000 148.200 2,000 10,500 300 2,000 300 5,400 2,000 16,000 2,500 5.945 Accounts Receivables Cash in Hand Cash at Bank Purchases Carriage Inward Manufacturing Wages Power charges Rent & Insurance Salaries Discount Received General Charges Sales Return 7,300 1,000 2.555 85,500 750 12.000 4,000 7,950 172,000 900 4,300 300 Adjustments: 1. Inventory on 31" December, $ 11,500 2. Unpaid Advertisement amounts $1,200 3. Goods worth $2,000 were used by owner for his private use 4. $500 out of Accounts Receivables is not collectible and 5% is to be provided for doubtful Debts. 5. Salaries unpaid $500 6. Power amounting to $1000 used in office. 7. Inventory took fire in November and there was loss of $ 10.000 out of which $5,000 were to be received from Insurance company (Inventory to be included in COGS section) Required A) Prepare an income statement for the year ended December 31, 2018. B) Prepare the company's balance sheet dated December 31, 2018. Q.No.1 Following balances are extracted from Successful Consulting Company. (Marks 15) Capital Accounts Payables Sales Goodwill Plant & Machinery Rent Received Purchase Return Bad Debts reserve Advertisement Legal charges Inventory Discount Allowed Tools 15,000 20.000 148.200 2,000 10,500 300 2,000 300 5,400 2,000 16,000 2,500 5.945 Accounts Receivables Cash in Hand Cash at Bank Purchases Carriage Inward Manufacturing Wages Power charges Rent & Insurance Salaries Discount Received General Charges Sales Return 7,300 1,000 2.555 85,500 750 12.000 4,000 7,950 172,000 900 4,300 300 Adjustments: 1. Inventory on 31" December, $ 11,500 2. Unpaid Advertisement amounts $1,200 3. Goods worth $2,000 were used by owner for his private use 4. $500 out of Accounts Receivables is not collectible and 5% is to be provided for doubtful Debts. 5. Salaries unpaid $500 6. Power amounting to $1000 used in office. 7. Inventory took fire in November and there was loss of $ 10.000 out of which $5,000 were to be received from Insurance company (Inventory to be included in COGS section) Required A) Prepare an income statement for the year ended December 31, 2018. B) Prepare the company's balance sheet dated December 31, 2018