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find statement of profit and loss for the year ended 31 december 2021 find statement of financial position as at 31 december 2021 begin{tabular}{|l|r|r|} hline
find statement of profit and loss for the year ended 31 december 2021
find statement of financial position as at 31 december 2021
\begin{tabular}{|l|r|r|} \hline Land & 50,500 & \\ \hline stocks of finished goods & 37,500 & \\ \hline Machinery & 75,000 & \\ \hline Accumulated depreciation on machinery & & 15,000 \\ \hline Accrual income tax & & 4,000 \\ \hline Interim dividend & 26,000 & \\ \hline Cash \& Bank & 400,000 & \\ \hline Trade receivables & 226,000 & \\ \hline Trade payables & & 117,000 \\ \hline Purchases & 750,000 & \\ \hline Retained earnings & & 627,000 \\ \hline & 1,841,500 & 1,841,500 \\ \hline \end{tabular} Additional information: \begin{tabular}{|l|r|r|} \hline Land & 50,500 & \\ \hline stocks of finished goods & 37,500 & \\ \hline Machinery & 75,000 & \\ \hline Accumulated depreciation on machinery & & 15,000 \\ \hline Accrual income tax & & 4,000 \\ \hline Interim dividend & 26,000 & \\ \hline Cash \& Bank & 400,000 & \\ \hline Trade receivables & 226,000 & \\ \hline Trade payables & & 117,000 \\ \hline Purchases & 750,000 & \\ \hline Retained earnings & & 627,000 \\ \hline & 1,841,500 & 1,841,500 \\ \hline \end{tabular} Additional informationStep by Step Solution
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