20. The balances in the accounts of XYZ at 30 June 2023 and 30 June 2024 are:

	2024 ($000)	2023 ($000)
Sales (all on credit)	250	350
Cost of goods sold	130	110
Doubtful debts expense	25	30
Interest expense	20	30
Salaries	30	25
Depreciation	10	15
Cash	144	139
Inventory	180	160
Accounts receivable	270	250
Allowance for doubtful debts	30	35
Land	150	150
Plant	100	90
Accumulated depreciation	20	30
Bank overdraft	20	19
Accounts payable	200	190
Accrued salaries	22	18
Long-term loan	90	70
Share capital	120	100
Opening retained earnings	307	187

Other information

Share capital is increased by the bonus issue of 20 000 shares for $1.00 each out of retained earnings. Plant is acquired during the period at a cost of $30 000, while plant with a carrying amount of $nil (cost of $20 000; accumulated depreciation of $20 000) is scrapped.