BARTON LTD

Comparative Trial Balances for the year ended 30 June 2019

	Debit	2018 Credit	2019 Debit	Credit
Bank overdraft		1,390		8,432
Accounts receivable	5,306		9,457
Inventory	18,258		30,289
Investments	756		543
Plant	24,900		34,200
Accum dep - Plant		2,745		5,570
Office furniture	5,000		3,900
Accum dep Office furniture		1,450		1,500
Expenses payable		100		150
Accounts payable		4,732		4,158
Income tax payable		3,000		4,000
Debentures		1,421		1,608
Issued capital		30,000		40,000
General reserve		5,000		7,500
Retained profit		4,382		5,471
	$54,220	$54,220	$78,389	$78,389

BARTON LTD

Statement of Comprehensive Income (extract) for the year ended 30 June 2019 Operating revenue

Sales revenue	100,000
Profit from sale of furniture	50	100,050
Expenses Cost of goods sold	$35,000
Depreciation expense - plant and machinery	2,825
Depreciation expense - furniture and equipment	250
Other expenses	51,643	89,718
Operating profit before tax		10,332
Less Income tax expense:		(2,743)
Operating profit after tax		7,589
Retained profits at 1 July 2018		4,382
Total available for appropriation Dividends paid		11,971
	4,000
Transfer to reserves	2,500	6,500
Retained profits at 30 June 2019		$5,471
Additional information:

1. Office furniture which had originally cost $1,100 and had accumulated depreciation of

$200 was sold during the year for $950.

2. Investments were sold for their cost price, $213.

Prepare cash flow statement and make ledger accounts to show workings.