Question 1. P. Sinclair drew up the following trial balance as at 30 September 2022. You are to draft the statement of profit or loss for the year ending 30 September 2022 and a statement of financial position as at that date. \begin{tabular}{|c|c|c|} \hline & Dr & cr \\ \hline & $ & $ \\ \hline Capital & & 49,675 \\ \hline Drawings & 28,600 & \\ \hline Cash at bank & 4,420 & \\ \hline Cash in hand & 112 & \\ \hline Accounts receivable & 38,100 & \\ \hline Accounts psyable & & 26,300 \\ \hline Inventory: 30 September 2021 & 72,410 & \\ \hline Van & 5,650 & \\ \hline Office equipment & 7,470 & \\ \hline Sales & & 391,400 \\ \hline Purchases & 254,810 & \\ \hline Returns inwarts & 2,110 & \\ \hline Carriage inwards & 760 & \\ \hline Returns outwards & & 1,240 \\ \hline Carriage outwards & 2,850 & \\ \hline Motor expenses & 1,490 & \\ \hline Rent & 8,200 & \\ \hline Telephone charges & 680 & \\ \hline Wages and salaries & 39,600 & \\ \hline Insurance & 745 & \\ \hline Office expenses & 392 & \\ \hline \multirow[t]{2}{*}{ Sundry expenses } & 216 & I \\ \hline & 468615 & 468.615 \\ \hline Inventory at 30 September 202 & & \\ \hline \end{tabular}