Prepare a manufacturing account and income statement from the follow balances.Balances of W. Miller for the year ending 31 Dec 2013

Inventory at 1 Jan 2013:

Raw materials : £25,400
Work-in progress: £31,100
Finished goods: £ 23,260
Purchases: Raw materials £91,535
Carriage on raw materials £1,960
Direct labour: £84,208
Office salaries: £33,419
Rent: £5,200
Office lighting and heating: £4,420
Depreciation: working machinery £10,200
office equipment: £2,300
Sales: £318,622
Factory fuel and power: £8,120

*Rent is to be apportioned: factory 3/4; office 1/4. Inventory at 31 December 2013 was: Raw materials £28,900; work-in-progress £24,600; finished £28,840.