1. Brunswick Ltd. is a wholesale supplier for convenience stores established in 2018. The owner manager has asked you to prepare the financial statements for the year ended 30 June 2020 from the information presented below that has been summarised from the company bank records and information from the 2019 trial balance. Summary of bank statement transactions from 1st July 2019 to 30th June 2020 Cash at bank on 1st July 2019 46,980 Add: Cash banked from trade receivables 450,568 Cash banked from cash sales 276,580 Cash received from the sale of delivery van 2,860 Total cash received 776,988 Less: Purchase of new delivery van 21,000 Wages and staff costs paid 192,500 Utilities (water, electricity, gas) paid 11,000 Insurances paid 2,130 Fuel costs paid 2,560 Payments made to suppliers 187,210 Finance costs paid 12,560 Office consumables purchased Rent on warehousing facilities paid 26,800 r Business rates paid (local trading tax) 11,100 v Telephone and internet costs paid 1,960 Website costs paid 980 Repayment of business loan 100,000 Purchase of laptop computer 1,300 Purchase of additional forklift truck 12,600 Total payments made 584,121 Cash at bank on 30th June 2020 192,867 421 v