Mr. Chai has been trading for some years as a shirts merchant. The following list of balances has been extracted from his ledger as at 30 June 2020

Capital	83,887
Sales	259,870
Trade accounts payable	19,840
Returns outwards	13,407
Allowance for doubtful debts	512
Discounts allowed	2,306
Discounts 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 July 2019	15,654
Trade accounts receivable	24,500
Fixtures and fittings at cost	120,740
Provision for depreciation fixtures and fittings	50,946

Additional information:

i) Closing inventory was valued at $17,750.

ii) Rent, rates and insurance have been prepaid by $1,120.

iii) Heating and lighting is accrued by $1,360.

iv) Advertising have been prepaid by $5,435.

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

vi) Depreciation of fixtures and fittings for the year is estimated at $12,074.

REQUIRED:

Prepare the Statement of Comprehensive Income for the year ended 30 June 2020 and Statement of Financial Position as at 30 June 2020.