Layout References ya) Prepare an income statement for Mostyn Company for the year ended 30 June 2014, given the following account balances. (Note: some accounts may not be relevant.) 4420 11,830 Accounting and audit Accounts payable Accounts receivable 19.500 124,800 Accumulated depreciation equipment Accumulated depreciation motor vehicles 83,200 Allowance for doubtful debts 9,500 10400 Bad and doubtful debts Cash 3,900 208.000 Cost of sales 44,160 55.850 Depreciation equipment Depreciation motor vehicles Equipment repairs 2,080 4.810 Heat and light Insurance 2,600 14.300 Inventory Loan 52.000 Loan interest 5.200 Motor vehicle running costs 2,210 Motor vehicles 41.600 Phone and internet 1.950 Rent and rates 16.120 Royalties received 2,210 Salary and wages 48,100 Sales 164,000 (1) Consider the resulting statement of financial performance. Provide a review and interpretation of this statement giving indications of wh further information is required to conduct a proper review. (e) What questions might be raised regarding the accounting treatment chosen for (a) insurance and (b) equipment repairs