8. Vox has the following trial balance at 31st March 2019 Debit Credit 19.289 35,300 16.700 Capital as at 1" April 2018 Plant and equipment - Cost at 1" April 2018 Plant and equipment - Accumulated depreciation at 1" April 2018 Inventory as at 1" April 2018 Trade receivables Trade payables Cash Sales Purchases Light and heat Rent Insurance Drawings 5,600 4,640 5,828 577 35,600 19,400 1,500 2.400 2,000 6,000 77,41777.417 The following information was also provided: 1. Vox performed a stock count and valued the inventory at a cost of 10,400 at 315 March 2019. However, he noticed that inventory that had cost 1,000 was damaged and could only be sold for 100. 2. On 4 April 2019, Vox received an electricity bill for the last quarter of the year to 31st March 2019. The bill was for 250. 3. Insurance includes a payment of 240 that relates to the period from 19 January 2019 to 31 December 2019. 4. Vox received a letter on 28th March 2019 that informed him that a customer had gone into liquidation owing 750. This has not yet been reflected in the financial statements. 5. Plant and equipment is depreciated at 15% reducing balance. Requirement a) Prepare the Statement of profit and loss for the year ended 31" March 2019 and b) The Statement of financial position as at 315 March 2019. Please ensure that your statements are as per the proformas provided on the VLE. Please show ALL workings as these carry marks