From the following data construct a statement of comprehensive income for R Millward for the period ended 31 December 2014, and a statement of financial position as at that date.

Additional information:

(a) Inventory at 31 December 2014 was valued at £5,467.

(b) Carriage inwards accounts for £321 of the total carriage expense.

Transcribed Image Text:

Sales Purchases Carriage Inventory as at 1 January 2014 Machinery Fixtures and fittings Trade receivables Trade payables Bank overdraft Gas and electricity Wages General expenses Advertising Capital Drawings Maintenance Commission received Equipment Dr 56,545 666 8,984 15,000 8,450 9,876 4,212 14,234 1,254 3,221 9,899 2,667 4,300 139,308 Cr 78,678 5,676 5,344 48,740 870 139,308