1. The following trial balance was extracted from the books of ABC Enterprises as at 31 December 2018. Purchases and sales Cash at bank 192,800 4,100 357,165 Cash in hand Capital account Drawings 1324 613,400 17,100 Office furniture 2,900 Electricity 4,400 Wages and salaries 31,400 Land 300,000 Building 200,000 Discounts 1820 1,160 Accounts receivable and accounts payable 12,316 4,495 Motor vehicle Inventory 1 January 2018 Van running costs Provision for impairment losses on receivables 4120 203,000 1,745 805 977.025 977.025 a) Inventory 31 December 2018 Rs. 4,500. b) Wages and salaries accrued at 31 December 2018 Rs. 1340. c) Electricity prepaid at 31 December 2018 Rs. 330. d) Property plants and equipment needs to be depreciated at 10% p.a e) Rs. 5,000 should be written off as bad debts and on the balance, 10% provision for impairment on accounts receivable should be adjusted. Required: Prepare the trading and comprehensive income statement for the year ending 31 December 2018 together with a statement financial position as at 31 December 2018