Ms Beauty has not kept proper bookkeeping records, but she has kept notes in a personal note form of her business transactions as at 30 June 2018 The following transactions relate to financial year ended on 30 June 2017. Cash Bank Income received in Advance Inventory Fixtures and Fixtures (at valuation)NS 145 600 Accrued Rates Expense Motor Van (at valuation) Debtors Creditors Prepaid Rent Expense NS 1 550 NS 22 578 NS 220 NS 28 400 NS 1 218 NS 85 700 NS 18 500 NS 840 NS 950 During the year ended 30 June 2018: Motor Vans are depreciated at 5 per cent per year, while Fixtures and Fittings are depreciated at 4 per cent per year. Both assets are depreciated using straight line method and no residual value was estimated by management. All sales and purchases was done on credit basis only. The following receipts and payments: Received N$ 28 200 from Debtors (by cheque NS 28 000 and by cash N$ 200). Paid creditors NS 15 400 (by cheque NS 15 000, and cash NS 400). Stationery expense was paid by cheque NS 2 110 and cash NS 340, Rent Expense was paid by cheque NS 700, Rate expense was paid by cheque NS 2 200 and cash NS 78 and telephone expense was paid by cash NS 100 At 30 June 2018 her assets and liabilities were: Cash NS 832. Bank 30 568, Income received in advance NS 220, nventory N$ 24 560, Accrued Rates Expense NS 1 440, Debtors N$ 22 300, Creditors N$ 7 ?00 and Prepaid Rent Expense N$ 450 Required a) Prepare statement of comprehensive income as at 30 June 2018 (16 Marks). b) Prepare statement of financial position as at 30 June 2018 (24 Marks). NOTE: WORKINGS ARE NOT REQUIRED