2. The following balances were obtained from the books of The Living Gungo as at December 31, 2012: Capital 20,000 Drawings 1,400 Factory machinery 12,000 Equipment 3,000 Provision for dep'n - Factory machinery 2,000 Provision for dep'n - Equipment 400 Purchases of raw material 18,740 Sales 34,170 Returns inwards 250 Returns outwards on raw materials 140 Debtors 7,980 Creditors 4,020 Factory wages 3,520 Factory general expenses 1,080 Direct wages 1,000 Rent & rates 1,410 Insurance 600 Selling & distribution expenses 2,000 Bank overdraft 2,700 Stock at Jan 1: Raw material 3,350 Finished goods 4,430 WIP Office salaries 1,320 1,350 63,430 63,430