Hi Could you please help me develop theses financial statements. Thanks

The following Trial Balance for Bells shower screens has been prepared at year end by Bells, but he realises it is not in the correct order.

REQUIRED:

Using the Trial Balance provided below, prepare the following for the period in question:

Fully classified Income Statement

Statement of Changes in Equity

Bells shower screens

TRIAL BALANCE AS AT 30 JUNE 2016

Debit ($) Credit ($)

Shop Furniture & Fittings	50,000
Accounts Receivable	92,178
Accumulated Depreciation Shop Furniture & Fittings		18,040
Cash at Bank	98,106
Advertising Payable		9,052
Sales		1,094,620
Electricity Expense	3,200
COGS	772,420
Bells, Capital		89,620
Depreciation Expense Shop Furniture & Fittings	7,100
Freight Inwards	5,640
Rent Expense	58,600
Accounts Payable		32,036
Discount Allowed	7,450
Inventory	41,920
Salaries Expense - Store	66,800
Loan Payable		67,200
Allowance for Doubtful Debts		2,000
Prepaid Advertising	3,080
Interest Payable		1,240
Advertising Expense	1,120
Sales Equipment	28,800
Interest Expense	940
Doubtful Debts Expense	2,000
Bells, Drawings	37,000
Sales Returns & Allowances	17,260
Discount Received		6,406
Salaries Expense - Admin	26,600
Totals	1 320 214	1 320 214

Bell has provided the following addition information to assist in your statement preparation:

40% of the electricity expense specifically relates to the administration office. The remainder of this expense relates to running the store.

$11,000 of the rent expense specifically relates to the administration office. The remainder of this expense relates to running the store.

Please construct the statement below. i.e develop the statements from the information provided in the trail balance.