I need to prepare income statement and balance sheet.

Mortgage on Premises $40000$

Bad Debts Expense $1292$

Bank Overdraft $11909$

Capital $11116$

Cash on Hand $400$

Accounts Payable Control $8569$

Accounts Receivable Control $23914$

Cost of Sales $85764$

Discount Received $776$

Doubtful Debts Expense $85$

Drawings $4510$

Expense Accrued $[$salaries$]1350$

Expense Prepaid $[$insurance$]3000$

Freight Outwards $4022$

GST Receivable $2758$

GST Payable $5500$

Insurance $8640$

Interest on Overdraft $3761$

Inventory $8404$

Investment in Shares $9900$

Plant and Machinery $38300$

Accumulated Depreciation $$ Plant and Machinery $15900$

Postage $1639$

Premises $55350$

Allowance for Doubtful Debts $200$

Rent Received $11630$

Salaries $60165$

Sales $208841$

Stationery and Photocopying $3887$

Balance Day Adjustments

Reversal of expense accrued for salaries from $31$ December $2021$

Reversal of prepayment on insurance from $31$ December $2021$

Inventory was overstated by $$580$; $$638($$$580+$ $$58$ GST$)$

Interest on overdraft not yet charged $$320$

Annual insurance premium $$8640$ paid on $31$ May $2022$

Salaries accrued $$1600$

Received rent $$900$ for January $2023,$ included in December $2022$ accounts

Additional bad debt written off $$528($$$480+$ $$48$ GST$)$

Allowance for doubtful debts adjusted to $2\%$ of accounts receivable, to nearest $$100$

Depreciation of premises $2\%$ p$.$a$.$

Depreciation of plant and machinery $20\%$ p$.$a