On 31st December 2021 , the following balances were taken from the books of Alimin a enle trader The following information is also available. 1. The inventory as at 31st 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 31st 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 31st December 2021, salaries owing amounted 14,825 7. At 31st December 2021 , insurance was prepaid by 500z 8. Alwyn received an invoice for 300 on December 3rd2021 for vehicle repairs but to date this invoice has not been paid or recorded in Payables 9. Alwyn had taken goods 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 [35] and a Statement of Financial Position as at that date