The following balances were taken from the trial balance of S Stockley as at 31 December 2004.

From this data, construct the manufacturing account and statement of comprehensive income for the year ended 31 December 2004.

Additional information:
1 Inventory was valued at 31 December 2004 as follows:2 Rent and rates were to be allocated between the factory and the office equally 3 Heating and lighting was allocated between the factory and the office in the ratio of 2/3:1/3 4 Rent and rates prepaid as at 31 December 2004 was £790 5 Heating and lighting prepaid as at 31 December 2004 was £432 6 Office salaries owing as at 31 December 2004 were £5,450 7 Factory equipment was to be depreciated at 25% using the reducing balance method 8 Factory premises were to be depreciated at 2% on cost.

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Inventory as at 1 January 2004: Raw materials Work-in-progress Finished goods Direct wages Indirect wages Factory maintenance Heating and lighting Returns outwards Office salaries 14,240 17,331 28,978 145,300 89,000 11,890 6,786 1,213 43,500 Sales Purchases of raw materials 567,000 135,000 Royalties Distribution costs Rent and rates 4,234 7,650 14,524 Factory equipment 87,600 Factory premises 250,000 Provision for depreciation: Factory equipment 5,435