Alesha Harrison is a sole trader who operates a pastry shop in Iguana Lane. She rents a small section of the shop to Liam Carr, for $450 per month. Liam sells iced coffee and occupies the rented space for nine (9) months of accounting year. The following trial balance was as at December 31, 2021.

Particulars	DR ($)	CR($)
Furniture	70,000
Motor Vehicle	55,000
Purchases	51,100
Wages	5,000
Bad debts	2,000
Donations to charity	1,250
Provision for depreciation - Furniture		3,800
Provision for depreciation Motor Vehicle		2,000
Capital		50,000
Loan		27,000
Bank	5,000
Rent received from Liam Carr		3,050
Discounts	800	900
Returns	700	1,200
Carriage inwards	600
Rent paid	7,000
Provision for bad debts		2,800
Accounts payable		31,300
Drawings	2,300
Stock at January 1, 2021	4,300
Cash	3,500
Accounts receivable	40,000
Sales		130,000
Insurance	3,500
	252,050	252,050

Notes

a) Insurance owing was $500, wages were prepaid $300

b) The provision for bad debt is to be adjusted to 5% of accounts receivable

c) Stock at the yearend was valued at $5,700; however it appears that an additional amount, which is material, was omitted from the accounts of $1,400. The amount was deemed should be accounted for in the financial statements.

d) Furniture is to be depreciated at 5% per annum using the reducing balance method and motor vehicle is to be depreciated at 10% based on the straight line method.

a) Prepare Alesha Harrisons Statement of Profit or Loss for the year ended December 31, 2021