Ms Ji-Yong has not kept proper bookkeeping records, but she has kept notes in a personal note form of her business transactions as at 31 May 2019. The following transactions relate to financial year ended on 31 May 2018. Bank CR 18 200 Cash DR 1 400 Accounts Receivable and Payable DR 7 800 CR 6 850 Motor Vehicle (Net Depreciation) DR 22 500 Furniture and Fittings at cost DR 16 700 Inventory - 31 May 2018 DR 8 490 Prepaid Rent and Accrued Stationery Expense DR 510 CR 150 During the financial year ended 31 May 2019, the following transactions occurred. Paid suppliers N$ 26 400 by cheque and N$ 990 by cash. During the year received N$ 38 800 by cheque and N$ 2 600 by cash. N$ 1 200 set-off was negotiated and granted. During year, customer refund amount to N$ 500. Stationery expense paid during the year was N$ 8 700 and was paid by bank cheque. Rent expense was also paid an amount of N$ 3 420 by cheque. The following expenses was paid by cheque: Transport Expense N$ 750, Telephone Expense N$ 2 150 and General Expense N$ 680, Staff Welfare N$ 500 and by cash Municipal Service N$ 380. Motor vehicle was acquired on 01 June 2017 and is depreciated at 10% per annum, Furniture and fittings was also acquired on 01 June 2018 and depreciated at 10% per annum and both on straight line method and no scrap value. At 01 June 2019, the following balances still exist in Ji-Yong books: Bank CR 22 000 Cash DR 2 630 Rent Expense DR 540 Stationery Expense CR 300 Inventory - 31 May 2019 DR 5 540 Drawings - 31 May 2019 DR 16 300 Accounts Receivable and Payable DR 700 CR 1 260

a) Prepare a statement of comprehensive income as at 31 May 2019 b) Prepare statement of financial position as at 31 May 2019