16-Jenny is a trader. Her trial balance at 31 December 20-6 was as follows: Debit Drawings Inventory 1 January 20-6 Carriage inwards $ Credit $ 17000 Capital 1 January 20-6 110000 Premises Fixtures and fittings Motor vehicles Purchases 80000 Revenue 350000 10000 4100 5500 23 300 17200 14000 Purchases returns 9500 Discount received 280000 Rent receivable 20000 Trade payables 5000 Bank overdraft Operating expenses Rates and insurance Repairs and maintenance 12200 by 5490 3870 Salaries 41000 Motor vehicle expenses 2940 Trade receivables 29 100 520 100 520 100 The following additional information is available: 1 Inventory at 31 December 20-6 was valued at $24000. 2 At 31 December 20-6 rent receivable due amounted to $500 and salaries due amounted to $3500. 3 Insurance, $2800, paid during the year was for 14 months to 28 February 20-6. 4 Bank charges amounting to $790 had not been entered in the books. Prepare Jenny's income statement for the year ended 31 December 20-6 and a statement of financial position at that date.