The following is the trial balance of J. Clark at 31 March 20X9:

Additional information
1. Goods on sale or return have been treated as sales. These cost £300 and were invoiced to the customer for £400.
2. The allowance for irrecoverable debts is to be adjusted to 10 per cent of trade receivables.
3. At 31 March 20X9 there is electricity accrued of £130 and rates prepaid amounting to £210.
4. Inventories at 31 March 20X9 were valued at £3,690.
5. During the year the proprietor has taken goods costing £350 from the business for his own use.
6. Depreciation on plant is 25 per cent on the reducing balance method and on vehicles 20 per cent by the same method.
7. Unrecorded in the ledger is the sale on credit on 1 July 20X9 for £458 of a motor vehicle bought on 1 January 20X8 for £1,000.
8. There are irrecoverable debts of £370 that have not been entered in the ledger.
9. There was an inventory of stationery at 31 March 20X9, which cost £230.

Required
Prepare a statement of performance for the year and a statement of financial position at the end of the year.

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Capital Drawings Purchases/sales revenue Returns inwards/outwards Carriage inwards Carriage outwards Discount allowed/received Plant and machinery at cost Provision for depreciation on plant Motor vehicles Provision for depreciation on vehicles Goodwill Quoted investments Freehold premises at cost Mortgage on premises Interest paid/received Inventories Bank and cash Salaries Rent and rates Allowance for irrecoverable debts Trade receivables/payables Light and heat Stationery Debit £ 5,600 34,260 3,260 730 420 1,480 11,350 13,290 5,000 6,470 32,000 1,000 4,670 2,850 7,180 4,300 8,070 2,640 450 145,020 Credit £ 60,000 58,640 2,140 1,970 4,150 2,790 10,000 460 530 4,340 145,020