income statement and balance sheet

7.4A Extract an income statement for the year ending 30 June 2012 for G. Graham. The trial bal- ance as at 30 June 2012 after his first year of trading was as follows: Dr Cr f 940 1,804 1,990 2,350 48,580 382,420 Equipment rental Insurance Lighting and heating expenses Motor expenses Salaries and wages Sales Purchases Sundry expenses Lorry Accounts payable Accounts receivable Fixtures Shop Cash at bank Drawings Capital 245,950 624 19,400 23,408 44,516 4,600 174,000 11,346 44,000 600,100 194,272 600, 100 Inventory at 30 June 2012 was 29,304