Mr. Mensah, a sole trader, extracted the following Trial Balance from the business books as at 30 December, 2019 Dr GH GHC Sales 230,150 Sales returns 2,210 Purchases 93,450 Purchases returns 1.450 Carriage outwards 780 Discounts allowed 2,840 Discounts received 1,68 Rent received 7,400 Heat and light 3.810 General expenses 46,610 Motor expenses 6,200 Salaries 30,100 Bad debt written off 680 Allowance for doubtful debt Drawings 22,500 Equipment 24.050 Accumulated depreciation for equipment 9,100 Motor vehicles 38,000 Accumulated depreciation for motor vehicles 24,020 Inventory at 1 May 2018 7,500 Receivables 37,250 Payables 8,940 Bank 7,420 Capital 50,000 336.440 326.440 700 Additional information: 1) The closing inventory as at 30 April 2019 was valued at GH8,010. D) As at 30 April 2019 accrued rent income for the year amounted to GH420; heat and light accrued was GHC260; whilst salaries of GH720 was paid in advance. in) During the year, Mr. Mensal bad withdrawu goods costing GH720 for his personal use. This had not been recorded in the accounts. iv) Allowance for doubtful debt is to be maintained at 2% of receivables. ) Depreciation is to be provided for as follows: (1) Equipment-20% per annum using the straight line method. A full year's depreciation is provided on all equipment held at 30 April 2019, regardless of the date of purchase. () Motor vehicles-40% per annum using the reducing balance method. Required: a) Prepare a statement of profit or loss for Mr. imensab for the year ended 30 April 2019. b) Prepare a statement of financial position for Mr. mensah as at 30 April 2019. (20 marks)