5,634 3. Mr. Awudu has been trading for some years as a wine merchant. The following balance has been extracted from his ledger as at 30 April 2014 the end of his most recent financial year. GHE Capital 83,887 Sales 259,870 Trade creditors 19.840 Return outward 13,407 Provision for bad debt 512 Discount allowed 2.306 Discount received 1.750 Purchases 135,680 Retum inwards Carriage outwards 4,562 Drawings 18.440 Carriage inwards 11.830 Rent, rate and insurance 25.973 Heating and lighting 11,010 Postage, stationery & telephone 2,410 Advertising 5.980 Salaries and wages 38,521 Bad debes 2,008 Cash in hand 534 Cash at bank 4.440 Stock as at 1" May 2013 15,654 Trade debtors 24,500 Fixtures and fittings -cost 120,740 Provision for dep, on fixtures and fittings as at 30 April 2014 63,020 Depreciation 12,074 i. The following additional information as at 30th April 2014 is available: ii. Stock at the close of business was valued at 17,750 iii. Insurance have been prepared by 2,120 iv. Heating and lighting is accrued by 1,660 v. Rates have been prepared by 5,930 vi. Provision for bad debts is to be adjusted so that it is 3% of debts You are required to prepare: i. Statement of profit or loss account for the year ended 30th April 2004 ii. Statement of Financial Position as at 30 April 2004