Following are the account balances of Vanguard Enterprises as on June 30, 201X.

Cash in hand Rs. 35,000/-, Furniture Rs. 140,000/-, Cash at Bank Rs. 45,000/-, Capital Rs. 428,000/-, Accumulated depreciation (Furniture) Rs. 23,000/-, Machinery Rs. 220,000/- Accumulated depreciation (Machinery) Rs. 35,000, Purchases Rs. 135,000/-, Sales Rs. 280,000/-, Account Receivable Rs. 30,000/-, Account Payable Rs. 42,000/- Purchase return & allowance Rs. 4,000/- Allowance for Bad Debt Rs. 6,000/-, Merchandise Inventory (beginning) Rs. 25,000/-, Merchandise Inventory (Ending) Rs. 87,000/-, Salaries expense Rs. 45,000/-, Rent expense Rs. 33,000/-, Advertising expense Rs. 22,000/-, Travelling expense Rs. 32,000/-Office supplies expense Rs.12, 000/-, Utility charges Rs. 26,000, Bad Debt expense Rs. 2,000/-, Depreciation expense Rs. 10,000/-, Sales return & allowance Rs. 6,000/- .

Put these balances in a chronological order to form the following.

(a) Income statement / Profit and loss account

(b) Statement of Financial Position as at June 30, 201X