From the following trial balance of P aka point Enterprises draw up a Income statement for

the year ended $30$ September $2023,$ and a statement of financial position as at that date.

$(12$ marks$)$

Dr Cr

Ksh$.$ Ksh$.$

Inventory $1$ October $202223,680$

Carriage outwards $2,000$

Carriage inwards $3,100$

Returns inwards $2,050$

Returns outwards $3,220$

Purchases $118,740$

Sales $186,000$

Salaries and wages $38,620$

Rent $3,040$

Insurance $780$

Motor expenses $6,640$

Office expenses $2,160$

Lighting and heating expenses $1,660$

General expenses $3,140$

Premises $50,000$

Motor vehicles $18,000$

Fixtures and fittings $3,500$

Receivables $38,960$