opening inventory/stor + QUESTION 1 The trial balance of MAAME KYEI Enterprise as at Dec 31, 2015 was as follows: Ghe Ghe Inventory at Jan 1, 2015... 18,400 Purchases... 60,080 Purchase returns... 240 Cash in hand... 13240 Cash at bank... 10,084 Land and building at cost... 15,440 Electricity... 836 Esponsive Printing, stationery and advertising... 112 -Accountancy charges... 656 Debtors -Sundry receivables... 100 cre-l las Sundry payables... 11,868 10,700 Salaries... 3,500 Expensive Bad debts... 900- Finanal by Capital account at Jan 1, 2015... Drawings... 45,860 3.000 & puan Discount allowed... IS 2,520 Talume Discount received... 1,840 -- Discowent allowed is on expenese (15) add it becileved is other incomes by 83,580 Office furniture at cost... 2000 Ep Rent, rates and insurance... ... 1,600 Sales returns... 220 143.388 143.388 The following matters are to be taken into account: Required: Prepare for Maame Kyei Enterprise: (c) Income statement for the year ended Dec 31, 2015; and (15 marks) Espensie Wages. Gr * ++ - Asses Sales.. +- - closing sick Inventory at Dec 31, 2015, Gh20,800. 3) Return incards or sales return. from sales figure 4) Return output er purchase returns return oL