From the following details of Gerry's Garage prepare necessary accounts to determine profit for the year. The revenues were: $. Garage rent 20,000 Servicing charges 18,000 Repair charges 30,000 Sale of spares 15,000 Sale of petrol, diesel and mobile oil 50,000 Purchases were: Spares 10,000 Petrol, diesel and mobile oil Wages amounted to: 40,000 Garage Servicing Repair Petrol, diesel, etc. 3,000 6,000 8,000 4,000 Opening stock of spares; and petrol, diesel etc., were $. 2,000 and $. 5,000 respectively as against closing stocks of $. 4,000 and $. 6,000 respectively. Other expenses and charges were:- Salaries of supervisors and office staff 18,000 Rent paid 6,000 Repairs to shed 3,000 Printing and stationery 1,000 Depreciation of sheds and tools 2,000 $. 1,000 worth of petrol etc. was used by the repairs section. Cost of servicing to partners' cars is estimated at $ 1,000.