Clozed Curtainz Enterprise, a drapery manufacturer, has presented you with the following financial information for the year ending September 30, 2021: Motor vehicle Capital Provision for bad debts Telephone charges Utilities Sales Carriage inwards on indirect materials Direct expenses Building Drawings Provision for depreciation on building Carriage inwards on raw materials Wages Machinery and equipment Loan Discounts allowed Purchases of indirect material Opening stock of finished goods Bank Insurance Provision for depreciation on machinery and equipment Office expenses Returns outwards of other finished goods Opening stock of work in progress Provision for unrealised profits Debtors Purchases of other finished goods Creditors Opening stock of raw materials - Factory general expenses Commission received Provision for depreciation on motor vehicle Returns inwards Discounts received on raw materials Returns outwards of raw materials Purchases of raw material S 382,500 68,200 24,900 10,200 17,600 877,000 15,100 4,300 244,000 470,000 15,200 56,700 47,600 38,200 29,600 23,000 77,600 68,000 33,000 26,400 10,700 $ 404,000 8,700 1,546,000 113,000 280,000 43,100 84,000 11,300 9,200 30,400 21,700 103,000 12.300 18,200 145,100 2,684.900 2,684,900 Additional information: 1. Stock on hand at the end of the year was as follows: Raw material $44,100 Indirect material $13,700 Work in progress $29,600 Finished goods $31,500 3. Non-current assets are to be depreciated as follows: Building 6% straight line Motor vehicle 12% reducing balance 9% reducing balance Machinery and equipment 2. Adjustments are to be made to the following items of expenses and revenue: Owing by $10,200 Prepaid by $8,400 Owing by $13,100 Owing by $5,600 Utilities Insurance Commission Telephone 4. Wages is owing by $12,000. Additionally, 45% of the total wages amount is attributable to direct labour, 35% is indirect, while 20% is attributable to administrative staff. 5. Expenses are to be apportioned as follows: Utilities Insurance Factory 35% 20% 90% 80% Telephone Depreciation - building Depreciation - machinery & equipment Depreciation - motor vehicle 6. Provision for bad debts is to be revised to 15% of debtors. 7. The goods produced are to be marked up by 18% before transfer. 60% 75% Office 65% 80% 10% 20% 40% 25% REQUIRED: Using the information provided, prepare Clozed Curtainz Enterprise's manufacturing account, statement of profit or loss, and statement of financial position for the period. The manufacturing account and the statement of profit or loss should be shown separately.