1. From the following trial balance of S Thompson, you are asked to draw up an SOPL statement for the year ended 31 March 2009 and a SOFP as at that date.

	Dr	Cr
Sales		168,000
Purchases	99,995
Inventory as at 1 April 2008	4,330
Premises	75,000
Equipment	18,500
Carriage inwards	230
Carriage outwards	195
Returns inwards	375
Bank	5,995
Cash in hand	877
Wages	9,500
Insurance	750
Advertising	205
Motor repairs	590
Capital		76,850
Drawings	11,540
Returns outwards		560
Vehicles	12,000
Accounts receivable	8,950
Accounts payable		11,560
Miscellaneous expenses	328
Rent	3,260
Rates	4,350
	25,6970	25,6970

Inventory as at 31 March 2009 was valued at 11,855