Income Statement for the ended 29 February 2016 and Other receivable note for year ended

2.1 Prepare the Income Statement for the year ended 29 February 2016. (54] 2.2 Propare the trade and other receivables note for the year ended 29 February 2016. (11) INFORMATION: Pre-Adjustment Trial Balance on 29 February 2016: BALANCE SHEET SECTION Capital: Moto Debit Credit Capital: Moyer 380 0DO Current account: Molol 175 000 Curent account: Meyer 20 DDO Drawings: Molai 25 500 Drawings, Meyer 145 0up Vehicles (al coal) 135 GCO Equipment fat cost. 170 060 Accumulated dopreciation on vehicles 230 830 (1/3/2015) 82 6OC Accumulated depreciation on equipment (1/3/2015) Loan : Bank of Africa Fixed Deposit: Flank of America 10%% pa 187 000 Trading stock 150 COO Debtors control 70 050 Provision for bad debts 162 640 Bank 2 400 Petty cash 161 048 350 Creditors control NOMINAL ACCOUNTS SECTION 32 650 Sales 1 520 000 Cost of sales 600 000 Debtors allowances 23 800 Rent Income 80 200 Salaries and wages 264 000 Employer's contribution 30 800 Bad debts 13 200 Water and electricity 48 900 Discount allowed 2 430 Telephone 17 8CO Insurance 28 800 Packing material 18 206 Bank charges 4 846 Interest on loan ? interest on fixed deposit 13 750 2 620 000 2 620 000