List of balances Additional notes: i. The machinery that was sold had a book value of 15,000 ii. Discounts of 3,450 were allowed to credit customers The West Lake is a retail trader in Black River. The firm has provided the following accounts details for 2016 . List of balances Required: a) How much was the capital at January 1,2016 ? b) Determine the amount for total sales, and total purchases. c) How much was wages, office expense, and rates for the year? d) How much was investment income for the year? e) What is the gain or loss on the machinery disposed? f) How much is to be charged as depreciation for the equipment, machinery, and motor vehicle for the year? g) Prepare the trial balance as at December 31, 2016. (HOMEWORK)