please help

please help

Question 5 Required Use the information given below to prepare the departmental income statement for the year ended 30 June 2012. Format for your answer Copy and complete the income statement in the Answer Sheet that follows this assignment. Information Essential Stores trade as a retail business using two departments, namely Groceries and DIY (Do It Yourself). The following was extracted from the records on 30 June 2012. Groceries DIY A. Balances/ Totals 562 500 Trading inventory (1 July 2011) Trading inventory (30 June 2012) Sales Purchases Carriage on purchases Carriage on sales 320 000 62 500 600 000 255 000 900 000 300 000 200 000 9 000 28 000 16 600 25 000 Expenses to be allocated according to sales B. R Travelling expenses 5570 2 420 15 690 Bad debts Advertising C. Expenses to be allocated according to sales Import duties 28 660 D Expenses to be allocated according to sales Insurance 14 880 6 200 Rates and taxes Additional information Travelling expenses paid in advance: R550. 2. An additional amount of R1 360 must be written off as irrecoverable. Carriage on sales still outstanding: Groceries Department R390. The floor area occupied by each department is as follows: 3. Groceries: 30 000 m. DIY: 10 000 m 30 Question 5 Required Use the information given below to prepare the departmental income statement for the year ended 30 June 2012 Format for your answer: Copy and complete the income statement in the Answer Sheet that follows this assignment. Information Essential Stores trade as a retail business using two departments, namely Groceries and DIY (Do It Yourself). The following was extracted from the records on 30 June 2012. DIY Groceries R A. Balances/Totals 320 000 62 500 600 000 200 000 9 000 25 000 562 500 Trading inventory (1 July 2011) Trading inventory (30 June 2012) Sales Purchases 255 000 900 000 300 000 28 000 16 600 Carriage on purchases Carriage on sales R Expenses to be allocated according to sales 5 S70 2 420 15 690 Travelling expenses Bad debts Advertising R 28 660 Expenses to be allocated according to sales Import duties C. Expenses to be allocated according to sales Insurance Rates and taxes D 14 880 6 200 Additional information 1. Travelling expenses paid in advance: R550. An additional amount of R1 360 must be written off as irrecoverable. 2. Carriage on sales still outstanding: Groceries Department R390. 3 The floor area occupied by each department is as follows 4. Groceries: 30 000 m DIY: 10 000 m