9. The following balances have been extracted from the books of Winmed Lad as at 30 September 2012 18.900 240,000 57,600 114,000 66,000 18,000 18.000 30.000 5.292 10.800 2,448 49.200 696 42,744 1,800 Trade creditors Sales revenue Land at cost Building at cost Furniture and fittings at cost Bank Provision for depreciation Buildings Furniture and fittings Discount received Retained earnings at 1 Oct 2011 Provision for bad debts Goodwill Cash Inventory at 1 Oct 2011 Commissions receivable Rent Wages and salaries Insurance Return inwards Other operating expenses Trade debtors Purchases Debenture interest Bad debt 5% Debentures 6% Preference shares @ $1 Ordinary shares @ S1 General reserves Dividends paid Preference half year to 31 March 2012 Ordinary 6,370 24,000 5.690 1.116 1,308 37.920 131,568 1.200 2,028 48,000 60.000 60.000 33,000 1.800 3.000 546,240 546,240 Additional information: a) Inventory on hand at 30 September 2012 was valued at $46,638 b) Insurance paid in advance $300, and wages of $840 is owing c) Depreciation is to be provided at 10% on cost of buildings, and 20% on the written down value of furniture and fittings d) Provision for bad debts is to be adjusted to 10% of trade debtors e) The directors will honour the final preference dividend f) A transfer of $10,000 from retained earnings to general reserve is to be made g) The tax charge for the year is estimated at $20,000 h) Goodwill impairment was estimated to be 10% i) The following appropriation of the expenses must be made: Admin Selling & Dist i. Rent 80% 20% ii. Wages & Salaries 60% 40% iii. Insurance 50% 50% Required: Prepare the final accounts for Winmed Ltd