QUESTION 1 20 MARKS The following trial balance was extracted from the books of Manani Investment on 31 May 2017 Trial Balance as at 31 May 2017 DR CR Capital Motor expenses 1 000 15 200 Returns Outward 1 350 Carriage Outwards Inventory 01.04.2016 Purchases 1 200 25 800 189 650 Debtors 56 400 Bank 84 170 Drawings Sales 34 820 265 700 Returns Inwards Creditors Carriage Inwards Motor Vehicles 760 44 440 550 120 500 Provision for doubtful debts 880 Provision for depreciation 47 340 TOTAL 444 880 444 880 Inventory as at 31 May 2017 was valued N$ 12 900 Required: Prepare statement of comprehensive income and statement of financial position for the year ended 31 May 2017