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Period Jun to Dec 1.Owner started new business in Jun with contribution of $2000 2.Owner borrowed $1000 payable after 3 years, interest payable $10 per

Period Jun to Dec

1.Owner started new business in Jun with contribution of $2000

2.Owner borrowed $1000 payable after 3 years, interest payable $10 per month

5 interest payments made so far

3.Commissioned webpage on Aug, paid $1500. Shelf life 3 years.

4.$20 payable per month support costs from Aug

5.Received credit sales $1324.80 after 8% discount

6.Received invoiced sales of $2400

7.Total cash received from customers - $3275

8.Sales support staff from Sep - payable $75 monthly.Paid for 2 months.Dec payable outstanding.

9.$80 payable per month for advertising from Nov.Nov paid.

10.Ordered stock for 150 units at $60. Returned 20 spoilt units and received credit

11.Ordered stock 200 units at $65

12.In Nov, balance stock 15 units (5 missing stock)

13.Ordered 100 units at $70

14.Final balance stock - 40 units

15.Total paid to supplier - $22,000

16.Owner drew $3,00 cash in May for personal use

What is the income statement, balance sheet and cash flow statement?

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