prepare a income statement of mr dinkey owns question

Mr Dinkley owns 'A Page A Day, a well-known and well-stocked bookshop specialising in mystery novels and comic books. He is also a very good friend of Anne Chovi and often refers customers who are holidaying in the Cove to Anne's diving tours. The following Trial Balance for A Page A Day bookshop has been prepared at year end by Mr Dinkley, who likes to keep a hand in the bookkeeping side of the business. A PAGE A DAY TRIAL BALANCE AS AT 30 JUNE 2020 Credit ($) Debit ($) 15,12 400 22,456 17,200 1.065 400 10,480 1,518 5,800 400 Cash at Bank Accrued Rent Allowance for Doubtful Debts Shop Shelving Office Operating Expense Interest Expense Depreciation Exp - Motor vehicle Inventory (1 July 2019) Prepaid Insurance Freight inwards Expense Accumulated Depreciation - Shop Shelving Discount Received Rent Expense Office Furniture and Fittings Delivery Expense Accounts Receivable Insurance Expense - Office Wages Expense Accumulated Depreciation - Motor vehicle Motor Vehicle Accounts Payable Doubtful Debts Expense Loan (repayable 1 Oct 2027) Sales Accumulated Depreciation - Office Furniture & Fittings Mr Dinkley, Capital (1 July 2019) Depreciation Exp-Office Furniture & Fittings Mr Dinkley, Drawings Advertising Expense Sales Returns & Allowances Depreciation Exp-Shop Shelving Discount Allowed Purchases 17,800 6,400 360 16,341 240 52,600 8.000 3.520 204 9.200 154 581 1.900 43.910 640 7,200 1,815 190 1,000 230 38,400 220, 415 Totals 2 20,415 Mr Dinkley has provided the following additional information to assist you with your statement preparation: The stocktake performed at 30 June 2020 recorded an ending inventory balance of $11,000 The Wages account balance is comprised of $28,930 for Selling & Distribution and $23,670 for Administration The Rent expense is split 50% for the office premises and 50% for the shop premises REQUIRED: Using the template provided on the following page, prepare a fully classified Income Statement for the year ending 30 June 2020