A Bell has kept records of his business transactions in a single entry form, but he did not realise that he had to record cash drawings. His bank account for the year 2018 is as follows: GHC GHC Balance 1.1.2018 920 Cash withdrawn from bank 12,600 Receipts from Customers 94,200 Trade Accounts payable 63,400 Loan from F Tung 2,500 Rent 3,200 Insurance 1,900 Drawings 11,400 Sundry expenses 820 Balance 31.12.2018 4,300 97,620 97,620 Records of cash paid were: Sundry expenses GHC180; Trade accounts payables GHC1,310. Cash sales amounted to GHC1,540. The following information is also available: 31.12.2017 31.12.2018 GHC GHC Cash in hand 194 272 Accounts payable 7,300 8,100 Accounts receivables 9,200 11,400 Rent owing 360 Insurance paid in advance 340 400 Van (at valuation) 5,500 4,600 Inventory 24,200 27,100 You are to draw up an income statement for the year ended 31 December 2018, and a statement of financial position as at that date. Show all of your workings