From the following information, prepare detailed income statements for each business. Name: Type of business: Year ended:

From the following information, prepare detailed income statements for each business.

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Name: Type of business: Year ended: Amber Manufacturer Blue Trader 30 April 2009 31 May 2009 Cerise Service provider 30 June 2009 Revenue Closing inventory: Finished goods Raw materials Work-in-progress 253,620 184,162 13,671 10,700 9,641 32,040 Purchases (finished goods) 65,210 Carriage inwards 360 Customer returns 580 Discount allowed 840 320 160 Carriage outwards 240 Purchases returns 2,600 Raw materials purchased 52,450 Opening inventory: Finished goods 12,634 12,700 Raw materials Work-in-progress 8,320 35,620 Fees from clients 85,400 Factory indirect expenses 89,322 General office expenses 34,600 54,923 21,500 Depreciation: factory 6,000 Depreciation: office 3,600 2,300 1,600 Discount received 114 120 Production labour 47,653