4. The following trial balance has been extracted from the ledger of Mr. Robert a sole trader as at 31 May 2018 TRIAL BALANCE DR (Shs) CR (She) Property cost Equipment at cost 575.000 Provision for depreciation equipment 325.000 Provision for depreciation on property 125.000 Stock as at June 2017 274.000 Purchases 2.596.000 Sales 4,050,0 00 Discount allowed 33.700 Discount received 17.300 53.100 462.000 Wages and salaries Bad debe Loan interest Carriage outward Other operating expenses Trade debtors Trade creditors Provision for bad debes Cash on hand Bank overdraft 145,000 Drawings 13% loan 1.510 299 300 Capital 6.129.010 6129.010 Additional information: a) Stock as at 31 May 2018 was valued at ksh.259.000 b) Wages and salaries accrued by ksh. 1,400 c) Depreciation for the year ended 31 May 2018 has yet to be provided as follows Property 10% using straight line method and Equipment 15% using straight line method 1) Other operating expenses include certain expenses prepaid by ksh 5,000. Other expenses included under this heading are accrued by kh 2.000 c) The provision for bad debts is to be adjusted so that it is 0.5% of debtors as at 31 May 2018 Purchases include poods valued at ksh.10, 400 which were withdrawn by Mr. Robert for his own personal use. Required: Mr. Robert Income Statement for the year end 31 May 2018 ii) Statement of financial position as at 31 May 2018. (Smarks)