Amy has been in business as a commercial photographer for several years. At 1 January 2014 her non-current assets and total depreciation balances were as follows:

Cost £ Total depreciation £
Pintax camera 650 450 Tripod 135 100 Darkroom equipment 1,600 1,250 Luxus car 5,000 3,600 During the year to 31 December 2014, the following transactions occurred:
● The Pintax camera was exchanged for a Fujitsu 200XL costing £800. A £100 partexchange allowance was given, and the balance was paid by cheque.
● The tripod was thrown away and not replaced.
● The darkroom equipment was sold for £200 and not replaced.
● The Luxus car was sold in March for £1,600. A Cougar estate car was bought in May for £7,000.
Cameras are depreciated at 10% p.a. straight line method and cars at 25% straight line method. It is Amy’s policy not to depreciate assets in the year of sale, but to charge a full year’s depreciation in the year of purchase, even if bought part way through the year.
Show the relevant extracts recording the above information in Amy’s income statement for the year ended 31 December 2014 and her statement of financial position as at that date.