AmBen has provided the following information from his incomplete records kept by his son.

Bank account

$ $

Balance 1/1.2014 4,100 Payments to creditors 67,360

Receipts from debtors 91,190 Insurance 1,470

Bal. c/d 6,300 Rent 3,950

Drawings 28,200

_____ Sundry expenses 610

101,590 101,590

Bal. b/d 6,300

All the business takings have been paid into the bank apart from $17,400. Out of this AmBen has paid wages of $11,260, drawings of $1,200 and purchase of goods $4,940.

The following additional information is available:

31/12/2013 31/12/2014

Inventory 10,800 12,200

Accounts payable for goods 12,700 14,100

Accounts receivable for goods 21,200 19,800

Insurance prepaid 420 440

Rent owing 390 --

Fixtures at valuation 1,800 1,600

You are to draw up a set of financial statements for the year ended 31 December 2014.