From the account balances of C Byron (shown in figure 9.66), write next to each account name the account/statement and group abbreviations. Then, using this information, you are required to:

• prepare an income statement, and

• prepare a balance sheet.

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Account Balances of C Byron as at 30 June 2022 Accounts Payable Control Accounts Receivable Control Advertising Bad Debts Expense Bank Overdraft Capital Cartage Outwards Cost of Sales Debt Collection Expenses Discount Allowed Discount Received Electricity GST Receivable GST Payable Insurance Interest on Overdraft Inventory Legal Expenses Office Cleaning Office Expenses Office Salaries Premises Rates and Taxes Rent Received Repairs and Maintenance Sales Sales Commission Sales Salaries Travellers' Expenses 2574 10 835 1293 294 3104 27 255 1178 32 570 175 185 281 1522 1 067 2728 254 819 3104 328 1605 2181 18 776 47480 1653 2798 1 168 109 117 3878 15815 1 677