Question 2 Jane Allen is a sole trader running a small chemist shop. She provides you with the following balances from her ledger accounts at 30 June, 2020. The adjusting entries have already been completed and the list of accounts is in no particular order. Account title J Allen, Capital Office Equipment Cost of Goods Sold Accumulated Depn- Office Equip Salaries Expense Payable Inventory Inventory Shortage Expense Discount Received Shop Fixtures and Fittings Accum Depn - Shop Fixtures and Fittings Salaries Expense Accounts Receivable Depn Expense - Shop Fixtures and Fittings J Allen, Drawings Telephone Expense Accounts Payable Sales Revenue Prepaid Insurance Cash at Bank Insurance Expense Depreciation Expense - Office Equip Electricity Expense Sales Returns and Other Allowances 2020 180 000 21 500 124 870 5 900 1 240 95 412 160 680 25 980 12 800 64 200 29 320 4 400 55 000 9050 7950 238 146 650 19 562 1 200 1 568 4 450 283 Required: Prepare an Income Statement and notes for the year ended 30 June, 2020. You should show net figures for Sales Revenue', 'Cost of Sales' and 'Depreciation Expense' and provide a *Note for each of these lines