Dr Cr $000 $000 Issued share capital 300 + (600,000 shares) Share premium General reserve Retained earnings 20 20 50 1 Jan 2021 Inventory (goods for resale) at 1 60 Jan 2021 Revenue 1200 Purchases 590 Purchases returns 26 Sales returns 28 Carriage outwards 28 Warehouse wages 80 Sales representatives salaries 60 Administrative wages 40 Warehouse plant and equipment 126 - cost Accumulated depreciation - 1 Jan 2021 50 Delivery vehicle hire 20 Distribution expenses 30 Administrative expenses 10 Directors' salaries 30 Rent income 16 Investment income 30 Bank overdraft 20 Trade receivables 380 Cash at bank 310 Trade payables 60 1792 1792