Question 2 (21 Marks) Heinrich Bauer Stahl Ltd is a company that manufactures steel products. The following trial balance was extracted from the records of Heinrich Bauer Stahl on 31 December 2018 NS NS Balances Inventory at 1 January 2018 Raw materials Finished goods Work in 6,800.00 12,200.00 Capital Drawings Sales Purchases of raw materials Carriage inwards Factory wages Office salaries Heinrich Bauer: salary and expenses Heating, lights and power for manufacturing Rent Factory insurance 30,000.00 4,000.00 180,000.00 36,000.00 1,600.00 37,000.00 33,800.00 20,800.00 5,000.00 7,500.00 1,900.00 2,800.00 7.200.00 650.00 ising Bank Cash General expenses Factory Office 2,400.00 1.500.00 1,300.00 Bad debts Discount received Carriage outwards Plant and machinery, at cost less depreciation Car, at cost less depreciation Trade receivables and payables 3,200.00 750.00 8,200.00 8,400.00 15,400.00 2,000.00 225,200.00 225,200.00 Balances Inventory at 31 December 2018: Raw materials Finished goods Work in 5,800.00 16.400.00 Additional information Heating, lights and power for manufacturing as well as rent are to be apportioned: 4/5 Factory, 1/5 office . .Factory insurance is to be apportioned: Factory, % office .Heinrich Bauers' expenses and salary are to be regarded as selling expense and has sole use of the entity's vehicle. .Depreciation for the year should be charged as follows: N$ 1,000.00 Plant and Machinery N$ 3,000.00 o Vehicle o Factory insurance paid in advance at 31 December 2017 was N$ 300.00 and office general expenses unpaid were N$ 150. You are required to: Prepare the following accounts in the general ledger of Heinrich Bauer Stahl Ltd: 1. 2. 3. 4. Raw material inventory (3 Marks) Factory overhead expenses (4 Marks) Finished goods and (3 Marks) Prepare a statement of profit or loss and other comprehensive income for the year ending 31 December 2018. (11 Marks)