10. The accountant of Harvey Imports provides trading information for the year ending 30 June 2016. As most stock is imported, customs duty is paid on many items of stock. There are also delivery charges incurred.

At 30 June 2016, the records of Harvey Imports provide the following details:

Purchases ledger balance $32,300

Stocktake at 30 June 2016 $17,800

Customs Duty account balance $1,600

Opening inventory $32,000

Freight Inwards account balance $1,550

Sales account balance $51,800

Required: Prepare a Trading Statement for the year ending 30 June 2016 with detail for the COGS

Harvey Imports - Trading Statement for the year ending 30 June 2016
	$	$
Sales
Less: Cost of Goods Sold (provide details in lines below)
Gross Profit (Loss)