Additional information:

Merchandise of K$400$ purchased on credit was received on $30$ June $2023,$ but had not

been recorded in the accounts; nevertheless, it had been included in the physical

stocktake of K $223000.$

Insurance and rents to be expenses were assessed at K $1200$ and K $2200$ respectively.

Depreciation expense to be brought to account, K$8700.$

Wages owed but not paid amounted to K$3600.$

Partners Dom's and Kila's salaries had not been brought to account.

Interest on Jim's advance had not been brought to account.

Verification of accounts receivable revealed that the balance of the allowance for

doubtful debts should be increased to K $3600.$ The increase is related to sales revenue

recognized in the current period.

Required:

A$.$ Prepare the statement of financial performance for the period $30$ June $2023.$

B$.$ Prepare a Profit Distribution account for the same period.

C$.$ Prepare statement of financial as at $30$ June $2023.$

NB: All adjustments and calculations be provided to support the answers.