On 31 December 2021, the following balances were taken from the books of Alwyn, a sole trader. Non-Current Assets at Cost (1-1-21 Premises 800,000 Vehicles 150.000 omice Equipmest 16,000 Accumulted Depreciation (1-1-21) Vehicles 30,000 Office Equipmest 28,000 Inventory (1-1-211 Purchases 35.300 657,000 Purchases Returns 8,600 Carriage-in Carriage-out Sales Revenue Sales Returne Discounts Allowed 2050 3.050 1.052,000 Discounts Received Loan Interest Vehicle Expenses Accounts Receivable Accounts Payable Salaries Inrecoverable Debt 8.200 4500 6,500 17.700 2,300 600 70,600 43.100 50.000 Insurance 11,000 General Expenses 30.200 Rent Receivable Drawings 9,000 24,000 Lean [7] 100,000 Bank 13.000 Cash 3,300 Capital 11-1-21) 1.251.000 680,000 1.311.000 V42133 222 the Court DNS Fan Accoun The following information is also available 1. The inventory as at 31 December 2021 was valued at 39,350 2. A debt of 550 was considered irrecoverable. The full amount is to be treated as a irrecoverable debt in the accounts for the year ended 31 December 2021 3. An allowance for Receivables is to be created at 2% on the remainder of the Accounts Receivable 4. Rent Receivable is 12,000 per annum and to date only 9 months rent has been received 5. Loan interest due and unpaid was 500 at the year end 6. At 31 December 2021, salaries owing amounted 14,825 7. At 31 December 2021, insurance was prepaid by 500 1. Alwyn received an invoice for 300 on December 22021 for vehide repairs but to date this invoice has not been paid or recorded in Payable 9. Alwyn had taken goads from the business costing 5,500 for her own use. This has not been recorded in the accounts 10. Depreciation is to be provided as follows: Vehicles 20% by the reducing balance method. There were no additions or disposals during the year Office equipment 10% by the straight line method. There were no additions or disposals during the year Premises are not depreciated Required: Prepare a Statement of Profit or Loss for Alwyn for year ended 31st December 2021 and a Statement of Financial Position as at that date [35]