22.3 On 1 January 2018 the following balances, among others, stood in the books of A. Cook, a sole proprietor: (a) Business rates, 600 (Dr); (b) Packing materials, 1,400 (Dr). During the year ended 31 December 2018 the information related to these two accounts is as follows: (1Business rates of 6,200 were paid to cover the period 1 April 2018 to 31 March 2019; (it) 4,000 was paid for packing materials bought; (in 900 was owing on 31 December 2018 in respect of packing materials bought on credit; (iv) Old materials amounting to 300 were sold as scrap for 300 cash; (1) Closing inventory of packing materials was valued at 2,400. You are required to write up the two accounts showing the appropriate amounts transferred to the income statement at 31 December 2018, the end of the financial year of the trader. Note: Individual accounts are not opened for accounts payable for packing materials bought on credit