2. You work in the accounts team of Phil's Frills - a small fashion designer that manufactures clothes for the discerning gentleman. You have already started preparing the year-end accounts and have summarised the following information relating to aspects of the business over the year ending 31 December 2019. You do not currently have access to the bank account system, so you should prepare the draft accounts using the amount of cash or overdraft as an item to make the Statement of Financial Position balance. 12.000 2,640 37 34.780 36,841 234,000 50,000 165,000 76,650 61,000 26,000 Dividends Paid over the year Interest paid Interest received Inventory at end of year Inventory at start of year Land and Premises at start of year Loan Manufacturing Equipment at start of year Manufacturing expenses New Loan taken out over year Office expenses Purchase of additional manufacturing equipment (occurs at end of year) Purchases of inventory Retained Earnings reserve at start of year Revaluation Reserve at start of year Revenue Sales Expenses Share Capital Trade Payables at end of year Trade Payables at start of year Trade Receivables at end of year Trade Receivables at start of year 82,000 112.000 14.750 5,000 434 200 34,000 375,000 3.684 14,754 3454 Prepare a Statement of Comprehensive Income for the year, and a Statement of Financial Position at the end of the year. (14)