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Mohan is a sole trader who does not maintain a full set of accounting records. He was able to provide the following information: Fixtures should

Mohan is a sole trader who does not maintain a full set of accounting records. He was able to provide the following information: Fixtures should be depreciated by 10% per annum on the cost of fixtures held at the end of the year. The motor vehicle should be depreciated by 25% per annum on cost. a. Prepare the income statement of Mohan for the year ended 30 April 20–9. b. Prepare the statement of financial position of Mohan at 30 April 20–9. Show all calculations.

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