From the following trial balance of R Graham, you are required to draw up the Income Statement for the year ended 30 September 2021, and a Balance Sheet as at that date. Dr Cr $ $

Opening inventory as at 1 October 2020 2,368 Carriage outwards 200 Carriage inwards 310 Returns inwards 205 322 Purchases 11,874 Sales 18,600 Salaries and wages 3,862 Rent 304 Insurance 78 Motor expenses 664 Office expenses 216 Lighting and heating expenses 166 General expenses 314 Premises 5,000 Discounts 500 600 Motor Vehicles 1,800 Fixtures and fittings 350 Accounts Receivable 1,896 Accounts Payable 1,631 Cash at Canadian Imperial Bank of Commerce 2,482 Withdrawals 1,200 Capital 12,636 33,789 33,789

Closing inventory as at 30 September 2021 was $2,946.