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.