9.4 The following trial balance was extracted from the books of F. Sorley on 30 April 2013. From it, and the note about inventory, prepare his income statement for the year ending 30 April 2013, and a statement of financial position as at that date. Cr Dr f f Sales Purchases 210,420 108,680 9,410 Inventory: 1 May 2012 Carriage outwards Carriage inwards Returns inwards 1,115 840 4,900 3,720 Returns outwards Salaries and wages Motor expenses Rent 41,800 912 6,800 318 Sundry expenses Motor vehicles Fixtures and fittings Accounts receivable Accounts payable Cash at bank 14,400 912 23,200 14,100 4,100 240 Cash in hand 29,440 Drawings Capital 18,827 247,067 247,067 Inventory at 30 April 2013 was 11,290 Draw un a cat of finan- L 013