incomestatmentisrecquired Rs. Rs. 428,000 Sales 304,400 64,000 14,000 5,000 15,000 22,000 Purchases Wages and salaries Rent Heating and lighting Inventory as at 1 January 2013 Drawings Allowance for doubtful debts Non-current assets Accumulated depreciation: Trade receivables Trade payables Cash 4,000 146,000 32,000 51,000 42,000 6,200 Capital as at 1 January 2013 121,600 627,600 627,600 Further information:. a) Rs. 400 is owed for heating and lighting expenses. b) Rs. 700 has been prepaid for rent. c) It is decided that a bad debt of Rs. 1,200 should be written off, and that the allowance for doubtful debts should be increased to Rs. 4,500. d) Depreciation is to be provided for the year at 10% on cost e) Inventory at 31st December 2013 was valued at Rs. 16,500