Prepare the income statement and balance sheet

\begin{tabular}{|l|l|l|} \hline Cash & 64,315 & \\ \hline Motor Vehicle & 71,800 & \\ \hline Office Equipment & 5,200 & \\ \hline Fixtures and Fittings & 10,000 & \\ \hline Purchases & 22,050 & \\ \hline Accounts Payable & & 53,215 \\ \hline Capital & & 123,000 \\ \hline Return Outwards & & 835 \\ \hline Sales & 1900 & 1,300 \\ \hline Drawings & 444 & \\ \hline Accounts Receivable & 71 & \\ \hline Return Inwards & 1,100 & 178,350 \\ \hline Rent Expense & 1,200 & \\ \hline Salaries Expense & 270 & \\ \hline Miscellaneous Expense & 178,350 & \\ \hline Total & & \\ \hline \end{tabular}