1 (a) From the following information relating to Simwinga, a village shopkeeper who keeps no proper books of account, prepare accounts for the year ended 30 June 2019. Summary of banking account: K K Opening balance 2,600 Payment for goods bought for Inventory 57,180 Shop taking paid in 98,740 Payment of business expenses 6,720 Sale of motor van, 1 jan 2019 3,600 Private items 5,400 Purchase of new motor van 1 Jan 2019 8,500 Closing balance 27,140 104,940 104,940 30 June 2018 30 June 2019 K K Inventory 24,000 29,000 Amount owing for goods sold 800 1,250 Amount owing for goods bought 7,640 18,400 Amount owing for business expenses 1,320 750 Furniture, fixtures and fittings 6,000 6,000 Motor van 4,500 8,500 Cash in hand 800 350 Of shop takings of K6,000 which were not banked, K1,500 were used to pay various business expenses. Estimated annual depreciation on written-down values, furniture, fixtures and fittings, 5%; motor van, 20%. The cost of the van sold during the year was K5,625