Desmond Davies conducts a sole trade business in Five Dock, trading as Desmond's Doors.

Desmond provides the following account balances as at 30 June 2022:

Account Name		$
Cash at Bank		61,900
Accounts Receivable		20,700
Plant and Equipment		57,500
Accumulated Depreciation - Plant and Equipment		15,000
Accounts Payable		19,400
Loan Payable (2026)		20,000
Capital - D. Davies		71,000
Sales Revenue		256,000
Revenue from installation services		78,000
Cost of Sales		135,000
Rent expense		59,000
Depreciation expense		2,500
Insurance expense		4,200
Wages expense		78,600

Additional Information: During the year, Desmond withdrew $30,000 for personal use.

Required:

a. Construct a Statement of Profit or Loss for Desmond's Doors for the year ended 30 June 2022 (5 Marks)

b. Construct a Balance Sheet for Desmond's Doors as at 30 June 2022. (5 Marks)