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Hollande Engineering Co began operations on 1 January. On 31 December it calculated a gross profit of 145,800. Further information relating to the business during

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Hollande Engineering Co began operations on 1 January. On 31 December it calculated a gross profit of 145,800. Further information relating to the business during its first year of operations is as follows: Click here to view the information.) Fill in any missing figures in the table and then calculate: 1. The operating profit for the year. 2. The profit for the year. 3. The total prepayments figure appearing in the statement of financial position at the end of the year. 4. The total accruals/deferred revenue figure appearing in the statement of financial position at the end of the year. (Fill in the relevant cells with its corresponding figures.) More Info Relating to period At end of period Paid/Received Expense/Revenue Prepaid Accruals/Deferred for period revenues 17,500 1,800 9,200 11,300 14,800 Rent payable Repairs and renewals Motor running expenses Rent receivable Interest payable Telephone and postage Software subscriptions 14,200 8,000 5,800 22,600 Is 1,500 9,400 ns 1.200 1,400 400 stag Relating to period At end of period Paid/Received Expense/Revenue Prepaid Accruals/Deferred for period revenues Rent payable 17,500 1,800 Repairs and renewals 9,200 11,300 Motor running expenses 14,800 14,200 Rent receivable 8,000 5,800 Interest payable 22,600 1,500 Telephone and postage 9,400 1,200 Software subscriptions 1,400 400 Operating profit Profit for the year Total prepayments = 11 E Total accruals/deferred revenues

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