G7 X fx =B18 A C D E F G H J K K L B Question 1.1 Fill in the green blocks Income statement Sales Cost of sales Balance sheet ASSETS Non-current assets Gross Profit Current assets Expenses 1 2 3 4 4 5 6 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Land & buildings Machinery Furniture & Fittings Accounts receivable/Debtors Inventory Petty cash Bank Shares Retained earnings Long term loan Vehicle lease Accounts payable/Creditors Sales COS - materials COS-Wages Salaries Advertising Rent Utilities DR CR Rands 860 000 221 625 310 687 1 125 000 1 425 187 10 000 253 125 1 000 000 560 800 800 000 320 000 413 800 2 316 929 447 563 195 469 184 781 122 906 50 156 27 000 52 313 107 438 18 279 EQUITY & LIABILITIES Capital & reserves Net Profit Legal fees Non-current liabilities Sales commissions Stationery 5 411 529 5 411 529 Current liabilities