Income Statement (Extract) for the year ended 30 June 2019 Gross profit Expenses Administration expenses Doubtful debts expense Salaries and on-costs Interest Warranty expenses Depreciation expense plant Insurance expense 5 20300 4300 86300 8300 14300 32300 10,000 Accounting prot before income tax expense 5 300,000 174,800 125,200 Selected assets and liabilities disclosed in the balance sheet were: Assets Cash Inventory Accounts Receivable Allowance for doubtful debts Prepaid insurance Plant cost Accum Depn Plant Liabilities Accounts Payable Provision for warranty 2019 S 8300 32300 42300 (2300) 4300 160300 (63000 32,000 10,000 2018 5 12,000 36,000 50,000 (AOUD 800 160,000 (32,000) 30,000 2,000