Mrs. Amina has been trading for some years as a wine merchant. The following list of balances has been extracted from her ledger as at 30 April 2018, the end of her most recent financial year.

	GHS
Capital	83,887
Sales	259,870
Trade accounts payable	19,840
Returns out	13,407
Allowance for doubtful debts	512
Discount allowed	2,306
Discount received	1,750
Purchases	135,680
Returns inwards	5,624
Carriage outwards	4,562
Drawings	18,440
Carriage inwards	11,830
Rent, rates and insurance	25,973
Heating and lighting	11,010
Postage, stationery and telephone	2,410
Advertising	5,980
Salaries and wages	38,521
Bad debts	2,008
Cash in hand	534
Cash at bank	4,440
Inventory as at 1 May 2017	15,654
Trade accounts receivable	24,500
Fixtures and fittings - at cost	120,740
Provision for depreciation on fixtures and fittings as at 30 April 2018	63,020
Depreciation	12,074

The following additional information as at 30 April 2018 is available:

a) Inventory at the close of business was valued at 17, 750.00

b) Insurances have been prepaid by 1,120

c) Heating and lighting is accrued by 1,360

d) Rates have been prepaid by 5,435

e) The allowance for doubtful debts is to be adjusted so that it is 3% of trade accounts receivable

Required:

Prepare Mrs. Aminas income statement for the year ending 30 April 2018 and a statement of financial position as at that date.