Els Cook is the owner of Cook and Eat, a diner specialising in international food. Cook and Eat need to have its end of year financial reports prepared and have provided the following trial balance as at 30 June 2019 to help in the preparation of the reports Cook and Eat Trial Balance (extract) at 30 June 2019 Debit Credit Petty Cash 700 Sales staff wages 8600 Debtors' control 10800 Debt collection fees 340 Accounts payable 11200 Interest revenue 640 Prepaid Rent 4800 Advertising 5400 Insurance 2400 Bank 35500 Commission revenue 4800 Furniture 85000 Accumulated depreciation on Furniture 24000 Delivery Vehicles 68000 Accumulated Depreciation on Delivery vehicles 18000 Fixtures and Fittings 72000 Interest on bank overdraft 560 Inventory control 204800 Bad debts 400 Drawings Sales 240 2040000 Purchases Customs duties Other Information at 30 June 2019 664000 8600 The stock take showed inventories of $199 800 on hand. Furniture is depreciated at 20% per annum, using the reducing balance method. Insurance is $200 per month. The insurance for July has been paid in June. Rent Revenue for the year earned was $2400. A new delivery vehicle was purchased in a cash transaction by the business on 1 March for $30 000. This transaction has not been recorded yet. All motor vehicles have a scrap value of 10% of the cost price and an expected useful life of 350 000 km. The old vehicle travelled a distance of 45000 km's for the year and the new vehicle travelled a distance of 27000 km's for the year. Vehicles are depreciated using the units of use method. The advertising expenses relates to an 12 month contract that was paid for on 31 January 2019. The fixtures and fittings was purchased on 31 December 2018. The business decided to use the straight-line method of depreciation at 15 % per annum. The fixtures and fittings has a residual value of $200. After taking the additional information into consideration, complete the following: a) The Income statement for the year Income statement (extract) of Cook and Eat for the year ending 30 June 2019 $ $ Sales Cost of Goods Sold Opening Stock Gross Profit Add: Other Revenue Interest Revenue Rent Revenue 8600 640 Commission Revenue Less: Expenses Selling Expenses Advertising Administrative Expenses Insurance Finance expenses Bad Debts Debt Collection fees Interest on Bank overdraft 4800 8600 400 340 560 b) Complete the following sections of the Balance Sheet