A1. Derby Ltd is a small manufacturing company that produces sweets and soft drinks. Given below is its trial balance for the year ended 30 June 2018. The following information has not yet been taken account of: Depreciation on the property should be allocated as follows: 2. Stock at 30 June 2018 includes some damaged items at their original cost of 1,500. If the items are repaired at a cost of 225 they can be sold for 1,350. 3. During the year Derby issued 10,000 1 ordinary shares at an issue price of 1.50 per share. 4. The doubtful debt provision is required to be 5% debtors. 5. Accrued distribution costs total 780. Administration expenses include a prepayment of 400. 6. Corporation tax for the year is estimated to be 7,500. Required: (i) Prepare the income statement for the year ended 30 June 2018 for Derby Ltd and a statement of financial position as at that date. The accounts should be in a form suitable for publication, but notes to the accounts are not required