Accounting

35.3A B Barnes is a dealer who has not kept proper books of account. At 31 October 20x3 his state of affairs was as follows: E Cash 210 Bank balance 4,700 Fixtures 2,800 Stock 18,200 Debtors 26,600 Creditors 12,700 Van (at valuation) 6,800 During the year to 31 October 20X4 his drawings amounted to 32,200. Winnings from the Lottery of 7,600 were put into the business. Extra fixtures were bought for 900. At 31 August 2004 his assets and liabilities were: Cash 190; Bank overdraft 1,810; Stock 23,900; Creditors for goods 9, 100; Creditors for expenses 320; Fixtures to be depreciated 370; Van to be valued at 5,440; Debtors 29,400; Prepaid expenses 460. Draw up a statement showing the profit and loss made by Barnes for the year ended 31 October 20X4