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QUESTION 2: Financial Statement (continued) Additional Information: The stocktake performed at 30 June 2021 recorded an ending inventory balance of $86,000. Ms Alotte has worked

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QUESTION 2: Financial Statement (continued) Additional Information: The stocktake performed at 30 June 2021 recorded an ending inventory balance of $86,000. Ms Alotte has worked out that wages for the year were - sales staff $274,835, bookkeeper $199,880 and the casual (Credit Controller) she employed to follow up outstanding customers with overdue accounts was paid $24,985. On enquiry, Ms Alotte has instructed that she treats the insurance expense as an administrative expense. REQUIRED: Prepare a fully classified Income Statement for the year ending 30 June 2021. Answer question 2 on the following page

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