Whilst on holiday in Bridlington, Helen had her credit cards and purse stolen from a beach whilst she was swimming. She was left with only £40 which she had left in her hotel room but had three days of her holiday remaining. She was determined to continue her holiday and decided to make some money in order to be able to complete her holiday. She decided to sell orange juice to holidaymakers using the local beach. On day 1 she purchased 80 cartons of orange juice at £0.50 each for cash and sold 70 of these at £0.80 each. On the following day she purchased 60 cartons for cash at £0.50 each and sold 65 at

£0.80 each. On the third and final day she purchased another 60 cartons for cash at £0.50 each. However, it rained and, as a result, business was poor. She managed to sell 20 at £0.80 each but sold off the rest of her stock at £0.40 each.

Required: Prepare a profit statement and cash flow statement for each day’s trading and prepare a balance sheet at the end of each day’s trading.