John has been preparing a final account for his organization for the year of 30 October 2018. This is the following of the trial balance that he has prepared. DR CR 76,925 26,544 28,090 39,473 10,324 75,000 50,000 Capital at 1st Nov 2017 Inventory at 1st Nov 2017 Recy. And Payments Payables and accruals Bank Non-current asset: Vehicles Equipment Accu. Dep. At 1st Nov 2017: Vehicles Equipment Sales Returns Inward Purchase Carriage inwards Wages Rent Stationery Travel Telephone General expense Drawings 52,205 21,675 154,595 1,045 101,459 1,612 2,673 11,500 852 2,590 1,283 1,101 30,800 344,873 344,872 The following transaction has not been accounted which has to be included by john. 1. Annual rent 11,000 which has been included in oct 2018. 2. Telephone bill 67 for the month oct 2018 which was not included cz it wasn't paid yet. 3. Closing inventory for 30 oct 2020 was 13783 which includes the damage items that costs 3965. John planned to repair those for 300 and sell for 3150 4. John written off a debt of 450 which was outstanding for more than a year and he also figured out that the amount of debt 700 owed by one his customer was doubtful. 5. In 30 oct 2020 john exchanged a vehicle that costs 50,000 in Feb 2015 with a new vehicle. For this the trade-in value was 33,500 and john paid the balance of 12,800 by cheque. 6. John depreciates his vehicles by 20% per annum on reducing the balance basis and equipment at 12.5% per annum straight line. Annual years depr. Is charged in the year of purchase and no depr. Is charged in the year of disposal. Required: Calculate: 1. Prepayment 2. Closing inventory value of 30 oct 2018 3. The profit and loss on trade of the vehicle 4. The depreciation charge for the year 30 oct 2018 5. Prepare a statement of profit and loss for 30 oct 2018 6. Prepare a statement of financial position for 30 oct 2015