MANUFACTURING ACCOUNTS (10 Marks) Meno and Allied Ltd manufactures false teeth and tooth filling that are used by dentist to replace and refill rotten and uprooted ?0X8: Additional information 1. Water and power, heat and light, and rent and rates are to be apportioned in the proportion factory to office 2:1 2. Salaries and wages prepaid is Sh.200m and printing and stationery accrued amounts Sh.400m 3. Depreciation on plant and machinery is 25% reducing, and depreciation on furniture and fittings 10% straight line 4. Depreciation on motor vehicle 20% straight line and apportioned to factory and office in the ratio of 3:1 6. Provision for bad debts 5%. 7. Taxation rate at 30% Required a) Manufacturing account b) Income Statement c) The Statement of Financial position