Part B The following are the unadjusted ledger balances of Johnson Limited for the year ended 31 December 2021: 5 Ordinary Share Capital 100,000 Sales 268,000 Trade payables 11,000 Purchases returns 1,000 Purchases 98,600 Sales returns T40 Carriage outwards 1,540 Carriage inwards 1,120 Rental expense 55,000 Insurance expense 42,000 Advertising 14,000 Salaries 34,000 Cash at Bank 22,000 Opening Inventory - 1St January 2021 14,000 Trade Receivables ?,000 Furniture and Fittings at cost 40,000 Accumulated Depreciation (1St January 2021): Furniture and 10 000 ttings Equipment at cost 60,000 Additional information needed for year-end adjustments, are as follows: Insurance for January 2022 $2,000 Closing Inventory, at 31 December 2021 $45,000 Irrecoverable debts to be written off $1,000 Rental owing as at 31 December 2021 $6,000 Depreciation for the year - Furniture and Fittings $10,000 Depreciation for the year - Equipment 20% on cost You are required to calculate the following values: i. Net Sales [1.5 marks] ii. Cost of goods sold [3 marks] iii. Gross Profit [1.5 marks] iv. Total Operating Expenses [4.5 marks] V. Net Profit [1.5 marks] vi. Total Non Current Assets [2.5 marks] vii. Total Current Assets [3 marks] viii. Total Equity [2 marks] iX. Total Current Liabilities [1.5 marks]