Hollande Engineering Co began operations on 1 January. On 31 December it calculated a gross profit of

144,800.

Further information relating to the business during its first year of operations is as follows:

LOADING...

(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.)

Question content area bottom

Part 1

	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	9,500		1,200
Software subscriptions	1,400		400

Part 2

Operating profit

=

enter your response here

Part 3

Profit for the year

=

enter your response here

Part 4

Total prepayments

=

enter your response here

Part 5

Total accruals/deferred revenues

=

enter your response here

More info Rent payable Repairs and renewals Motor running expenses Rent receivable Interest payable Telephone and postage Software subscriptions 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 14,200 8,000 5,800 22,600 1,500 9,500 1,400 Print Done 1,200 400 X