16.10 The trial balance of Snodgrass, a sole trader, at 1 January 20X9 is as follows: INTERMEDIATE Debit '000 Credit '000 600 350 200 8 12 Capital Non-current assets (net) Trade receivables Prepayments - rent insurance Trade payables Accruals - electricity - telephone Inventories Bank 180 9 1 200 20 790 790 The following information is given for the year: Receipts from credit customers Payments to credit suppliers Payments for rent insurance electricity telephone wages Proprietor's personal expenses Discounts allowed Irrecoverable receivables written off Depreciation '000 1,000 700 30 20 25 10 100 50 8 3 50 At 31 December 20X9 the following balances are given: Trade receivables Prepayments - rent telephone Trade payables Accruals - electricity insurance Inventories '000 250 10 2 160 7 6 230 294 CHAPTER 16 Adjustments to financial statements: accruals and prepayments Required Prepare a statement of perfromance for the year, and a statement of financial position as at 31 December 20X9