Opening inventory Purchases Closing Inventory 11,674 123,848 (2,178) 133,144 108,946 Equipment per trial balance Depreciation-10% straight line 10,895 Motors at cost per trial balance Aoc. Deprec on motors per trial balance Opening book value of motors Depreciation-20% on reduced balance 70,329 (14,463) 55,866 11,174 3. Admin expenses Per trial balance 12,975 10,895 23,870 4. Distribution costs Per trial balance Accrual Depreciation-motors Discount allowed 10,853 7,367 11,174 1,715 30,909 5. Finance costs 15,779 947 nterest due Now complete the statement of income. Use the figures from your workings and the trial balance. D Statement of income of Pinchos Ltd. for the year ended 30 September 20x9 Turnover Cost of sales Gross profit 385,147 133,144 232,003 30,909 23,870 947 Distribution costs Finance costs Profit before taxation Taxation Profit after taxation 55,726 176,277 18,264 158,013