The following is the trial balance of C. Jones as at 31 December 20X9:

Additional information
1. Inventories at 31 December 20X9 are valued at £99,356.
2. The rent of the premises is £6,400 per annum, payable half-yearly in advance on 31 March and 30 September.
3. Rates for the year ending 31 March 20Y0 amounting to £1,488 were paid on 10 April 20X9.
4. Wages and salaries to be accrued amount to £3,012.
5. Depreciation on the car is to be provided using the straight-line method at a rate of 20 per cent per annum.
6. It has been agreed that further receivables amounting to £1,420 are to be written off against specific customers, and the closing allowance is to be adjusted to 5 per cent of the revised trade receivables figure.

Required
Prepare the statement of performance for the year ended 31 December 20X9, and a statement of financial position at that date. This should be done using an extended trial balance.

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Owner's capital Drawings Purchases Sales revenue Wages and salaries Rent and rates Light and heat Irrecoverable debts Allowance for irrecoverable debts Trade receivables Trade payables Cash at bank Cash in hand Inventories Motor car - cost - depreciation Debit £ 9,502 389,072 33,440 9,860 4,142 1,884 72,300 2,816 334 82,124 7,200 612,674 Credit £ 45,214 527,350 3,702 34,308 2,100 612,674