financial accounting

22.10A Wright, a sole trader, extracted the following trial balance from his books at the close of business on 31 March 2019 Dr 127,245 61,420 7,940 23,930 2,490 Purchases and sales Inventory 1 April 2018 Capital 1 April 2018 Bank overdraft Cash Discounts Returns inwards Returns outwards 140 2,480 62 3.486 1,356 Chapter 22 mo Dr E Carriage outwards 3,210 Rent and Insurance 8.870 Allowance for doubtful debts Fixtures and fittings at cost 630 1,900 Van at cost 5,600 Fixtures and fittings accumulated depreciation at 14.18 570 Van: accumulated depreciation at 1.4.18 700 Accounts receivable and accounts payable 12,418 11,400 Drawings 21,400 Wages and salaries 39,200 General office expenses 319 168 383 Notes: 168 383 (a) Inventory 31 March 2019 6,805 (b) Wages and salaries accrued at 31 March 2019 3,500, Office expenses owing 16. (c) Rent prepaid 31 March 2019 600. (d) Increase the allowance for doubtful debts by 110 to 740 (e) Provide for depreciation as follows: Fiatures and fittings 190; Van 1,400. Required: Prepare the income statement for the year ending 31 March 2019 together with a balance sheet as at that date