1. Roger's business trades in water coolers for offices. At the end of his trading year to 31 December 2021 he has 212 coolers in inventory. 96 of them are the deluxe model which costs Roger 156 to purchase from the manufacturer. The remainder cost 128 each. The business is run from rented warehouse premises. Roger supplies you with the following trial balance: Trade payables Sundry expenses Warehouse rental Sales representative's car Long-term loan Capital at 1 January 2021 Business rates Revenue Accumulated depreciation- Sales Car Accumulated depreciation-Warehouse fixtures Cash at bank Water rates Drawings Sales representative's salary Administration expenses Purchases of water coolers Trade receivables 30 729 2 678 12 629 15 900 5 000 26 679 1920 313 475 4,770 182 1826 850 18 214 26 241 3 122 233 668 32 635 Telephone Travelling expenses Loan interest Insurance Inventory at 1 January 2021 Warehouse fixtures Additional notes 2961 1820 250 1729 25 620 1.820 a. Depreciation is calculated at 30% on the reducing balance basis for the Sales representative car. b. Depreciation is calculated on the straight-line basis at 10% of cost for the Warehouse fixture c. Accruals are also required for telephone charges -686 d. Included in the administrative expense is 150 for professional fees and subscriptions total is to be treated as a prepayment. Also, 750 of the insurance relates to the next following accounting period. Required: Prepare an income statement and statement of financial position for Roger for the year ended 31 December 2021