In an attempt to identify the sales revenue in 2012 of Pauline’s Confectionery, you have prepared a summary of her bank statements as shown. Bank lodgements not cleared were £3,900 on 1.1 and £7,200 on 31.12. A cheque for £500 in payment of December rent is yet to be presented for payment. Pauline makes all her payments by cheque, apart from small incidental payments (amounting to £4,280 in the year) paid out of an imprest she retains of £300. Her trade receivables were £19,400 as at 1 January and £22,700 as at 31 December. Identify her sales revenue in 2012.

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Balance on 1.1 Lodgements Cheques drawn Balance 31.12 £24,580 £492,650 (£428,900) £88,330