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Example 2.c In the following month, Nadim sells goods on credit to his customers for $6,000. He already had some inven- tories, costing $10,000, so he used $1,000 worth of that existing inventory, and bought in another $3,000 worth of inventories that was all used to fulfil the order. He has not yet paid for this extra inventory. His rent bill for the month is $500 and his van running costs are $300. He withdraws $200 from the business for his private use. Present an income statement for Nadim for this month, and a statement of financial position at the end of the month