Following is a summary of Naomi's bank account for the year ended 31 December 2010: Balance 1.1.2010 3,240 Payment to payables 235,896 Receipts from receivables 303,488 Rent 13,200 Balance 31.12.2010 4,816 Rates 7,120 Sundry expenses 3,000 Drawings 52,328 311,544 311,544 All of the business takings have been paid into the bank with the exception of 77,040. Out of this, Naomi has paid wages of $43,776, drawings of 9,312 and purchase of goods 23,952. The following additional information is available: 31.12.09 31.12.10 Inventory 110,896 121,152 Payables for goods 44,992 59,112 Receivables for goods 72,248 68,992 Rates prepaid 1,680 1,800 Rent owing 1,200 Fixtures at valuation 20,000 18,000 Required You are to draw up a set of final accounts for the year ended 31 December 2010. Show all of your workings