Bush, Home and Wilson share profits and losses in the ratios 4:1:3 respectively. Their trial balance as at 30 April 2017 was as follows:

Draw up a set of financial statements for the year ending 30 April 2017. The following notes are relevant at 30 April 2017:
(1) Inventory 30 April 2017, £74,223.
(2) Business rates in advance £200; Inventory of postage stamps £68.
(3) Increase Allowance for doubtful debts to £1,400.
(4) Salaries; Home £18,000; Wilson £14,000. Not yet recorded.
(5) Interest on Drawings: Bush £300; Home £200; Wilson £240.
(6) Interest on Capitals at 8 per cent.
(7) Depreciate Computers £2,800; Office equipment £1,100.

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Dr Cr f Sales Returns inwards Purchases 334,618 10,200 196,239 Carriage inwards 3,100 Inventory 30 April 2016 68,127 Discounts allowed 190 Salaries and wages 54,117 Bad debts 1,620 Allowance for doubtful debts 30 April 2016 950 General expenses 1,017 Business rates 2,900 Postage 845 Computers at cost 8,400 Office equipment at cost 5,700 Provisions for depreciation at 30 April 2016: Computers 3,600 Office equipment 2,900 Accounts payable 36,480 Accounts receivable Cash at bank Drawings: Bush 51,320 5,214 39,000 Home Wilson Current accounts: Bush 16,000 28,000 5,940 Home 2,117 Wilson 9,618 Capital accounts: Bush 60,000 Home 10,000 Wilson 30,000 494,106 494,106