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B ABC Lid started business on 1/1/14, and its financial year ends on 31 December each year. The following information was extracted from the company's

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B ABC Lid started business on 1/1/14, and its financial year ends on 31" December each year. The following information was extracted from the company's asset register. DATE TRANSACTION AMOUNT (GHS) 2016 January, 1 Purchased one motor van 58.500 2016 September, Purchased two motor vans 78.000 each 2018 March, 1 Purchased one motor van 45.200 2018 May, 2 Sold the motor van purchased 18,240 in January 2016 2019 April 1 Purchased three motor vans 62,000 each Additional Information The company's policy is to depreciate Motor vehicles at a rate of 20% per annum on cost. You are required to prepare: The Motor vehicles account (2016-2019) (4 marks) Provision for depreciation account (2016-2019) (4 marks) 111 Disposal account for 2018 2 marks) Statement of profit or loss extract for 2018 and 2019 (1 mark) Statement of financial position extract for 2018 and 2019 (1 mark)

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