4 The following trail balance was extracted from the books of ARTEMIY, at the end of his financial year 30 June 2009 Trial Balance at 30 June 2009 DR CR Capital 400,000 Trade receivables. 12,000 Trade payables 8,000 Drawings 76,000 Cash 200 Bank 9,260 Sales 336,000 Purchases 192,000 Opening inventory 12,800 Sales returns 2,000 Carriage inwards 800 Discount received 500 Discount allowed 760 Office premises 374,000 Fixtures and fittings 40,000 Accumulated depreciation: Fixtures 12,000 Business rates 8,800 Insurances 2,400 Wages and salaries 44,000 765,760 765.760 The following information is present: The closing inventory valued at 13,600 Wages and salaries due but not yet paid amount to 2,000 There is a prepayment on business rates amounting to 1,200 A bad debt (irrecoverable debt) of 240 has been identified Depreciation on fixtures is to be provided at the rate of 10% per annum Prepare the income statement and the statement of financial position