You are required to prepare an income statement and balance sheet for the year ended 30 June 2022 from the account list and adjustments for R Abercrombie, shown in figure 12.41. The account, statement and group abbreviations should be entered.

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Account Balances for RAbercrombie as at 30 June 2022 Accounts Receivable Control Allowance for Doubtful Debts Inventory Expense Prepaid linsurance) Revenue Accrued (government bonds) GST Payable Land Buildings Motor Vehicle Accumulated Depreciation -Motor Vehicle Government Bonds Bank Overdraft Accounts Payable Control Expense Accrued (wages] Revenue Received in Advance (rent received] Mortgage on Land Capital GST Receivable Drawings Sales Rent Received Interest Received Cost of Sales Freight Outwards Advertising Wages Electricity Insurance Bank Charges Bad Debts Expense Doubtful Debts Expense Discount Allowed Interest on Overdraft Interest on Mortgage 23 639 418 16 945 250 675 4 800 75 000 97 100 36 700 13 762 15 000 24 819 13 222 890 650 45 000 132 175 2099 19 210 189 117 10 850 2025 77 967 744 2115 55 446 2748 985 247 898 218 1427 4 715 3600