A company has the following trial balance as at 31 December 2015:

TRIAL BALANCE AS AT 31 DEC 2015

	Dr	Cr
Sales Revenue		125 000
Purchases	78 000
Carriage	4 000
Electricity and rent	5 100
Administrative expense	3 150
Salaries and wages	21 000
Irrecoverable debt	1 500
Allowance for receivables		85
Accounts receivable	13 050
Taxes payable		9 300
Cash on hand	450
Inventory as at 1 Jan 2017	12 000
Vehicles at cost	55 000
Accumulated depreciation of vehicles		33 000
Paid-in capital		25 865
	193 250	193 250

The following additional information as at 31 December 2015 is available.

• On 15 February 2016, you received and paid the electricity bill of 880 for the period December 2015 - January 2016.
• On 1 December 2015, you paid the rental fee of 760 for January 2016.
• Vehicles are to be depreciated at 20% per annum using the straight-line method. The residual value is 5,000.
• An allowance for receivables of 2% is to be set up.
• Inventory as at 31 December 2015: 16,000
• 40% of carriage costs is associated with transferring goods purchased to the warehouse. The remaining part is caused by shipping sold goods to customers.

DO NOT USE THOUSANDS SEPARATORS (",", i.e. comma)

Answer the following questions:

Income statement	Amount ()
Sales revenue	Answer
COGS	Answer
Gross profit	Answer
Depreciation	Answer
Irrecoverable debt	Answer
Carriage outwards	Answer
Change in allowances	Answer
Electricity and rent	Answer
Expenses (administrative + selling and distribution )	Answer
Net profit	Answer

Balance sheet	Amount ()
Net book value of vehicle	Answer
Inventory	Answer
Accounts receivable	Answer
Prepayment	Answer
Cash	Answer
Total current assets	Answer
Capital	Answer
Retained earnings	Answer
Equity	Answer
Non-current liabilities	Answer
Accounts payable	Answer
Accruals	Answer
Total current liabilities	Answer
Total liabilities + equity	Answer