Prepare and Income statement and statement of financial position (balance sheet) for year ended 31st Dec 2020, show all workings.

The trial balance of Medionie Lid at 31 December 2020 is given below. Debi Credit Purchase Every May 2010 Purchases rura Sale 1.000 12.000 4.000 79.000 Salsa salaries and comment General Sant Ad expens La lletes did Ad Dinsdadiram devedpad Put and con Plan de trata depend on 2020 Motor Vestes Motor Vehicles et de 12 Tradecervan Trade Presion for a day 2010 Balance and 2150 900 4850 3.10 1.580 1.300 2.320 000 90 3540 I Closing inventory mounted to 12.500. 2. A review of the trade receivables total of 18.400 showed that it was necessary to write of debts totalling 1.400 and that the provision for doubtlul debts stovuld be adjusted to 2 per ont of the remaining trade receivables 3. Two transaction have been entered in the company's chsh record and trulared to the rupene account shows in the trial balance. They are 1. The receipt or 1.300 from the sue of 500 equity shares . The sale of some surplus plant. The plant had cost 6,000 and had a set book value of 6600 The sale proceeds of E1 400 have been dehted to the bank account and lave been credited to the suspense account but no other entries have been made 4. Depreciation should be charged at 10 per cent per mes cost of all so-castans at the end of the year 5. The directores propose a final dividend of 4 cents per share on the shares med at the end of the year 6. Administrative expenses in the trial balance includes a prepadol tertar the year of 20. Further investigation has revealed that amount of 190 s prepaid for the next year 2021 7. Light and let po 1.300 are for passer 12000 October 312020 The air covered an electricity of space 2001 previous mes The cheque content is chwy 2001 bet no dar merd werkte this part no taxation 2000 1000 200 1000 .300 Polo Shangal 1 bons 100 20 2050 and 2020 1 15 The trial balance of Medionie Lid at 31 December 2020 is given below. Debi Credit Purchase Every May 2010 Purchases rura Sale 1.000 12.000 4.000 79.000 Salsa salaries and comment General Sant Ad expens La lletes did Ad Dinsdadiram devedpad Put and con Plan de trata depend on 2020 Motor Vestes Motor Vehicles et de 12 Tradecervan Trade Presion for a day 2010 Balance and 2150 900 4850 3.10 1.580 1.300 2.320 000 90 3540 I Closing inventory mounted to 12.500. 2. A review of the trade receivables total of 18.400 showed that it was necessary to write of debts totalling 1.400 and that the provision for doubtlul debts stovuld be adjusted to 2 per ont of the remaining trade receivables 3. Two transaction have been entered in the company's chsh record and trulared to the rupene account shows in the trial balance. They are 1. The receipt or 1.300 from the sue of 500 equity shares . The sale of some surplus plant. The plant had cost 6,000 and had a set book value of 6600 The sale proceeds of E1 400 have been dehted to the bank account and lave been credited to the suspense account but no other entries have been made 4. Depreciation should be charged at 10 per cent per mes cost of all so-castans at the end of the year 5. The directores propose a final dividend of 4 cents per share on the shares med at the end of the year 6. Administrative expenses in the trial balance includes a prepadol tertar the year of 20. Further investigation has revealed that amount of 190 s prepaid for the next year 2021 7. Light and let po 1.300 are for passer 12000 October 312020 The air covered an electricity of space 2001 previous mes The cheque content is chwy 2001 bet no dar merd werkte this part no taxation 2000 1000 200 1000 .300 Polo Shangal 1 bons 100 20 2050 and 2020 1 15