B. Barnes is a dealer who has not kept proper books of account. At 31 October 2012 his state of affairs was as follows:

During the year to 31 October 2013 his drawings amounted to £32,200. Winnings from the Lottery of £7,600 were put into the business. Extra fixtures were bought for £900. At 31 October 2013 his assets and liabilities were: Cash £190; Bank overdraft £1,810; Inventory £23,900; Accounts payable for goods £9,100; Accounts payable for expenses £320; Fixtures to be depreciated £370; Van to be valued at £5,440; Accounts receivable £29,400; Prepaid expenses £460. Draw up a statement showing the profit or loss made by Barnes for the year ending 31 October 2013.

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Cash Bank balance Fixtures Inventory Accounts receivable Accounts payable Van (at valuation) 210 4,700 2,800 18,200 26,600 12,700 6,800