E. Wilson is a manufacturer. His trial balance at 31 December 2017 is as follows:

Prepare the manufacturing account and statement of profit or loss for the year ending 31 December 2017 and a statement of financial position as at that date. Give effect to the following adjustments:
1 Inventory at 31 December 2017; raw materials £14,510; finished goods £44,490. There is no work-in-progress.
2 Depreciate machinery £3,000; office equipment £600; van £1,200.
3 Manufacturing wages due but unpaid at 31 December 2017 £550; office rent prepaid £140.

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f f Delivery van expenses 1,760 Lighting and heating: Factory 7,220 Office 1,490 Manufacturing wages 72,100 General expenses: Factory 8,100 Office 1,940 Sales reps: commission 11,688 Purchase of raw materials 57,210 Rent: Factory 6,100 Office 2,700 Machinery (cost 40,000) 28,600 Office equipment (cost 9,000) 8,200 Office salaries 17,740 Accounts receivable 34,200 Accounts payable 9,400 Bank 16,142 Sales 194,800 Van (cost 6,800) 6,200 Inventory at 31 December 2016: Raw materials 13,260 Finished goods 41,300 Drawings 24,200 Capital 155,950 360,150 360,150